#BNBBulls $BNB Corporate Treasury Gains $160 Million Investment

CEA Industries subsidiary $BNB has purchased 200,000 $BNB tokens for $160 million, making it the largest publicly listed holder of the cryptocurrency.

The Nasdaq-listed company recently shifted its focus from nicotine vapes to building a $BNB treasury strategy, changing its ticker from VAPE to #BNC.

BNC closed a $500 million private placement led by 10X Capital and #ChangpengZhao's YZi Labs to support the treasury acquisition.

The company plans to continue purchasing $BNB until initial treasury capital is depleted, with the potential for an additional $750 million via a warrant structure.

BNC aims to bring more institutional presence to the #BNBChain ecosystem, which remains underrepresented in U.S. markets.

$BNB currently ranks as the fourth-largest cryptocurrency by market capitalization, trading at $820.5 with 1% daily gains.$BNB