CEA Industries Snaps Up $624M in BNB – Targeting 1% Supply as Token Hits All-Time High

CEA Industries has revealed that it now holds 480,000 BNB tokens, solidifying its position as the largest publicly reported BNB treasury as the cryptocurrency hit record highs.
The company seeks to acquire 1% of BNB’s total supply by the end of 2025, showing its aggressive strategy to become the leading institutional holder of Binance’s native token.
The firm disclosed that its average acquisition cost for BNB is $860 per token, translating to roughly $412.8 million in total investment.
As of October 6, the holdings were valued at $585.5 million. Alongside its crypto assets, CEA reported $77.5 million in cash and equivalents, bringing its total crypto and cash reserves to $663 million.
The announcement comes amid a record-breaking rally for BNB, which surged to an all-time high of $1,236.74 on October 6, lifting its market capitalization beyond $170 billion.
That valuation placed BNB just behind XRP and Tether and roughly 33% higher than Solana’s $127 billion market cap.
Source: CryptoNews
The milestone also cements CEA’s status among the biggest digital-asset treasury firms, joining the ranks of companies like Strategy, known for its massive Bitcoin holdings, and Bitmine Immersion Technologies, which holds the largest Ethereum treasury.
Commenting on the achievement, CEA’s CEO David Namdar described BNB’s record performance as a validation of the asset’s long-term potential.
“BNB’s all-time highs are a clear validation that global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and its underlying ecosystem,” Namdar said. “We view BNB not just as a token but as the fulcrum of a massively integrated ecosystem.”
Namdar, a co-founder of Galaxy Digital and senior partner at 10X Capital, has led CEA’s transformation into a crypto treasury company over the past year. The firm, once a Canadian vape manufacturer, rebranded and shifted into digital-asset accumulation after a series of capital raises in mid-2025.
In June, its shares soared nearly 550% in a single day after announcing plans to become the largest BNB treasury company in the U.S.
CEA secured a $500 million private share sale to investors, backed by 10X Capital and YZi Labs, an investment firm previously associated with Binance co-founder Changpeng Zhao.
Through that deal and additional exercised warrants, the company could access up to $1.25 billion in funding to expand its BNB purchases.
At the time, Namdar said the firm’s goal was to create a U.S.-listed “BNB treasury vehicle” that would offer traditional investors transparent exposure to the BNB Chain ecosystem.
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