CEA Industries Confirms $663M Crypto Treasury, Targets 1% BNB Supply by Year-End
CEA Industries' Strategic Investment in BNB
- CEA Industries has reported digital asset and cash holdings totaling $663 million, comprising of 480,000 BNB tokens.
- The BNB tokens were acquired at an average cost of $860 per coin, resulting in a total investment of $412.8 million, now valued at approximately $585.5 million.
- Additional cash and short-term equivalents amount to $77.5 million, contributing to the firm's total assets strategy.
- CEA aims to own 1% of total BNB supply by the end of 2025; currently holding 0.35%.
- Despite BNB reaching an all-time high market cap of $180 billion, CEA plans further acquisitions, as stated by CEO David Namdar.
- Namdar emphasizes BNB's value and ecosystem potential as key factors for continued investment.
- CEA's single-asset strategy aligns with other major companies focusing on specific cryptocurrencies.
