CEA Industries Buys $33 Million BNB, Aims for 1% Supply by 2025

- Nasdaq-listed CEA Industries acquired 38,888 BNB for $33 million - The move solidifies its position as the largest corporate holder of BNB CEA Industries made a bold move this week with a $33 million purchase of Binance Coin (BNB), the latest step in its $1.25 billion treasury plan. The Nasdaq-listed company acquired 38,888 BNB, boosting its total holdings to 388,888, valued at roughly $330 million. On September 2, 2025, The Block reported that the firm aims to acquire 1% of BNB’s total supply by year-end as part of a strategic pivot from its nicotine vape roots to a sharp focus on digital assets. The report also noted that this treasury expansion follows the company's rebranding efforts, which included changing its ticker symbol from VAPE to BNC. In addition, the move is bolstered by a $500 million funding round led by 10X Capital and Changpeng Zhao’s YZi Labs. CEO David Namdar called Binance Coin a uniquely compelling asset, citing its potential to generate on-chain yield, build network effects, and align with the Binance ecosystem’s growth. By adopting a single-asset treasury strategy centered on BNB, CEA Industries seeks to capitalize on growing corporate interest in altcoins beyond traditional giants like Bitcoin and Ethereum. The company plans to use additional warrant proceeds to increase its holdings to $1.25 billion, in line with its treasury ambitions. As of 16:09 UTC on September 2, Binance Coin (BNB) traded at $847.90, reflecting a 0.144% increase in 24-hour trading volume, according to CoinMarketCap.