BNB Treasury firm BNC Acquires 200,000 Binance Coins, Becomes Largest Corporate Holder

Nasdaq-listed CEA Industries (BNC) acquired a massive 200,000 Binance Coins worth $160 million earlier, thereby becoming the largest BNB Treasury firm. This is the first of the $500 million in planned investments into BNB coin. 10x Capital, in partnership with CZ-backed YZi Labs, is leading this initiative to help CEA build its own BNB reserves.

BNB Treasury Firm Begins $1.25 Billion Purchase Plan

Nasdaq-listed BNC, formerly VAPE, has acquired 200,000 BNB for $160 million, becoming the largest corporate holder of the cryptocurrency globally. This is the first big purchase after the firm disclosed the BNB Treasury plan last week, which triggered a 550% rally in BNC stock price.

The purchase was financed through a $500 million private placement led by 10X Capital and YZi Labs. The company said it intends to continue accumulating BNB and could increase its investment to as much as $1.25 billion. With the new ticker of BNC, CEA Industries is putting a major focus on getting significant exposure to BNB. The company has also announced key leadership changes in this regard.

As of July 2025, there are 250 million BNB Coin users in the market, averaging $9.3 billion in daily trading volume. CEA Industries believes that despite this, BNB remains unrepresented in the US market. BNC aims to address this gap by boosting institutional participation in the BNB ecosystem.

As reported earlier, the company will continue with its BNB purchase plan as the initial treasury allocation is fully deployed and could access up to an additional $750 million through its warrant structure. This will allow BNB treasury firm BNC to offer U.S. and global investors indirect exposure to BNB, eliminating the need to hold the token directly.

“For BNC, BNB is not just a strategic reserve—it’s a growth opportunity aligned with one of the strongest ecosystems in the industry,” noted the treasury firm.

After correcting from its peak above $50, the BNC stock entered a steep correction. However, it has bounced back from the support of $16.10, and is trading above $17.1 as of Friday’s closing.

BNB Ecosystem Growth

BNB, the native cryptocurrency of BNB Chain, has witnessed huge ecosystem growth in terms of users and Web3 developers. With $12.3 billion in total value locked (TVL), it stands as the third-largest blockchain by TVL, signaling strong growth potential.

BNB price has witnessed modest upside, gaining 20% on the monthly chart, and is now trading around $822. Market analysts are hopeful of a rally to $1,000 and beyond, as investors set eyes on fresh all-time highs.