Several listed companies announced plans to create $BNB crypto treasuries recently, including CEA Industries (VAPE), teaming up with Binance founder CZ's family office.$BNB , the fourth-largest cryptocurrency, outperformed other tokens rallying to a fresh all-time high.
Several U.S.-listed companies announced plans to acquire BNB for their crypto treasury strategy, bolstering its performance.
CEA Industries rallied 700% on Monday on raising $500 million for its BNB treasury with the participation of Binance co-founder Changpeng Zhao's family office, Yzi Labs.
BNB, formerly known as Binance Coin and the native token of the BNB Chain, surged to a fresh all-time record early Monday, hitting $860.
While it pared some of the gains during the U.S. session to trade around $840, it still has been the best-performing cryptocurrency over the past week in the top 10 by market capitalization (except stablecoins) with a 9% gain. It was also up nearly 3% through the past 24 hours, while most other large-cap altcoins ike ether (ETH), XRP
XRP
$3.1390
and Solana's SOL (SOL) gave up all their overnight advances
