🚀 $BNB Treasury Boosts with $160M Strategic Investment

CEA Industries’ subsidiary BNC has acquired 200,000 $BNB tokens worth $160 million, making it the largest publicly listed holder of the cryptocurrency.

Recently, the Nasdaq-listed firm pivoted from its nicotine vape business to a BNB-focused treasury strategy, even rebranding its ticker from VAPE to BNC.

This purchase follows a $500 million private placement led by 10X Capital and Changpeng Zhao’s YZi Labs, funding the expansion of BNC’s crypto reserves. The company aims to continue accumulating BNB until its initial treasury capital is fully deployed, with the possibility of securing another $750 million through a warrant structure.

Currently, BNB holds the 4th spot in global crypto rankings by market cap, trading at $820.50 with a 1% daily gain. 📈

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