BNB Token Reaches All-Time High as CEA Industries Raises $500 Million
BNB reached a new all-time high of $860 early Monday, trading around $840 during the U.S. session. It is the best-performing cryptocurrency in the top 10 by market capitalization over the past week with a 9% gain and nearly 3% increase in the last 24 hours.
Key factors for BNB's performance include:
- Increased interest from companies creating crypto treasury strategies focused on the BNB Chain.
- CEA Industries (VAPE) plans to raise $500 million, potentially expanding to $1.2 billion, becoming a major U.S.-listed BNB treasury company. Its stock surged over 700% following this news.
- Liminatus Pharma (LIMN) announced a subsidiary called "American BNB Strategy," targeting up to $500 million investment in BNB.
- Windtree Therapeutics (WINT) previously committed up to $700 million for BNB acquisitions.
- Nano Labs acquired 128,000 BNB tokens worth over $100 million as part of its treasury strategy.