CEA Industries Total BNB Holdings Rise to 480K as Token Hits Record High
CEA Industries has increased its holdings to 480,000 BNB tokens, marking a 15% rise. The firm spent $412.8 million on additional BNB at an average price of $860 per token. BNB is currently trading at $1,303.
- The company's total treasury, including $77.5 million in cash, approaches $700 million.
- BNB's price surge correlates with increased blockchain activity, recording 58 million monthly active addresses in September.
- Aster, a new decentralized exchange, contributes significantly to this growth with a total value locked exceeding $2.4 billion and nearly $200 billion in trading volume for the month.
- Technical integrations, such as a partnership with Chainlink to bring U.S. economic data onchain, support BNB's rise.
- CEA Industries aims to acquire 1% of the total BNB supply by year-end. Shares have risen by 7% in recent trading.