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BNC invested $160 million to bet on BNB, becoming the world's largest BNB corporate treasury.
New York, August 10, 2025 — BNB Network Company, a treasury management subsidiary of CEA Industries Inc. (NASDAQ: BNC), today announced the acquisition of 200,000 BNB Tokens, becoming the world's largest enterprise-level BNB holder. This acquisition follows a $500 million private sale financing led by 10X Capital in partnership with YZi Labs, with funds to be used for the treasury strategy built around BNB, which has now become the company's primary reserve asset.
Strategic Shift to BNB As a newly listed company on NASDAQ (formerly known as VAPE), BNC is completely shifting its treasury management focus towards significantly increasing its holdings of BNB. The company's leadership has also been restructured to align with this cryptocurrency-centered strategy: Galaxy Digital co-founder David Namdar has been appointed as CEO, along with former CalPERS Chief Investment Officer Russell Read and former Kraken Director Saad Naja joining the team. 10X Capital founding partner Hans Thomas and partner Alexander Monje also joined the board.
Why choose BNB BNB is the native Token of the BNB Chain, which has an active Web3 developer and user community, currently ranking as the fourth largest cryptocurrency by market capitalization globally. With a total locked value (TVL) of $12.3 billion, it ranks as the third largest blockchain in the world, demonstrating strong growth potential. BNB has become an asset with long-term investment value through deflationary token burns, increased on-chain activity, and potential catalysts such as the BNB spot ETF. For BNC, BNB is not only a strategic reserve but also a growth opportunity that coexists and thrives with the most dynamic ecosystems in the industry.
significant meaning The $160 million acquisition established BNC as the largest institutional-grade BNB treasury in the world. By July 2025, the number of BNB users reached 250 million, with a daily trading volume as high as 9.3 billion USD, but its institutional participation in the US market remains relatively insufficient. BNC aims to fill this gap and further expand the influence of the BNB ecosystem among institutional investors.
Future Outlook BNC plans to continue acquiring BNB until the initial treasury funds are fully invested, and may raise an additional $750 million through a warrant structure. If fully exercised, the total fundraising will reach $1.25 billion for further acquisitions of BNB. This will enable BNC to seize unique market opportunities, providing channels for investors in the US and globally to participate in its growth without directly holding BNB. By investing $160 million to acquire BNB and successfully completing a $500 million private sale, BNC has become a global leader in enterprise-level BNB vaults, demonstrating strong confidence in the long-term development potential of the BNB Chain and a commitment to promoting the continuous shining of the BNB ecosystem among institutional investors in the United States.
About YZi Labs YZi Labs manages over $10 billion in assets globally, adhering to the principle of "impact first" and firmly believing that exceptional returns stem from meaningful transformations. Its investments span various stages, with a focus on Web3, artificial intelligence, and biotechnology, covering over 300 projects across 25 countries and 6 continents, and incubating more than 65 enterprises. Welcome to follow YZi Labs' X account for more information.
About 10X Capital 10X Capital is an innovative investment institution leading the transformation of digital assets and infrastructure, connecting global institutional capital with high-quality investment opportunities. Its business encompasses public markets and private sales, portfolio management, treasury operations, and related investment banking. With deep experience in corporate development, asset and treasury management, and capital markets, 10X Capital is committed to building a globally influential digital asset treasury company. Welcome to follow the X account of 10X Capital for more details.
About BNC BNC (Nasdaq code: BNC) is a listed company focused on building and managing the world's largest Binance Coin (BNB) enterprise treasury, providing institutional-level exposure to BNB assets for investors.