#Binance 🔥🔥BNB Network Company, the treasury management division of CEA Industries Inc. (Nasdaq: BNC), has announced the acquisition of 200,000 BNB tokens, positioning itself as the largest corporate holder of BNB worldwide.

This strategic move follows a significant private placement of $500 million led by 10X Capital in collaboration with YZi Labs, aimed at establishing BNB as the company's primary reserve asset. In alignment with this cryptocurrency-focused strategy, BNC has restructured its leadership, appointing David Namdar, co-founder of Galaxy Digital, as CEO, along with Russell Read and Saad Naja in key roles. The company intends to continue its BNB purchases until its initial treasury capital is fully utilized and may seek to raise an additional $750 million through its collateral structure, potentially bringing total revenues to approximately $1.25 billion for further BNB acquisitions.