BNB Network acquires additional 88,888 BNB tokens

NEW YORK - BNB Network Company (Nasdaq:BNC), whose stock has surged 72% in the past week and 320% over the last year, has purchased an additional 88,888 BNB tokens, the company announced Thursday, following its earlier acquisition of 200,000 BNB tokens this week.

The treasury management business of CEA Industries Inc. stated that this latest purchase reinforces its position as the largest corporate holder of BNB tokens globally. The company, currently valued at $23.87 million and maintaining a healthy current ratio of 4.17, aims to own 1% of BNB’s total supply by the end of 2025. InvestingPro analysis reveals 13 key insights about BNC’s financial health and market position, including strong momentum indicators and growth prospects.

BNB is the native token of BNB Chain, which the company described as having the highest daily active addresses and decentralized trading volume among blockchains. According to the press release, BNB Chain has over $12 billion in total value locked.

"Our focus is singular and our ambition is clear," said David Namdar, CEO of BNC. "Every purchase strengthens our position, compounds our exposure, and brings us closer to becoming the benchmark institutional vehicle for BNB."

The company stated that its single-asset focus differentiates it from diversified digital asset treasuries. With revenue growth of 24.07% and analysts expecting continued sales growth, BNC indicated that if its plan is fully executed, including the potential exercise of warrants that could provide up to $750 million in additional proceeds, its BNB position could exceed $1.25 billion. InvestingPro subscribers can access detailed financial forecasts and valuation metrics to better evaluate this ambitious growth strategy.

BNC describes itself as a publicly traded company dedicated to building and managing a corporate treasury of Binance Coin (BNB), offering investors institutional-grade exposure to the token.

This information is based on a press release statement from BNB Network Company.

In other recent news, CEA Industries Inc. has made significant strides in its business strategy. The company announced a substantial private placement offering, selling 41,754,478 shares of common stock at $10.10 per share, alongside pre-funded and stapled warrants for additional shares. In a strategic move, BNB Network, a part of CEA Industries, purchased 200,000 BNB tokens, aiming to become the largest corporate holder of BNB globally. This follows a $500 million private placement led by 10X Capital in collaboration with YZi Labs, indicating a focused treasury strategy on BNB. Additionally, CEA Industries is changing its fiscal year-end from December 31 to April 30, aligning with the operational periods of its newly acquired companies, including Fat Panda Ltd. The company also announced a change in its Nasdaq ticker symbol from "CEAD" to "VAPE," effective June 13, 2025, reflecting its strategic shift towards the vaping industry. These developments highlight CEA Industries’ active efforts in expanding and realigning its business operations.

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