Louisville, CO, Oct. 21, 2025 — (NASDAQ:BNC) (“BNC” or the “Company”) disclosed today that its holdings of BNB tokens have reached a total of 500,000. These tokens were acquired at an approximate average cost of $870 per BNB, translating to a total investment of $435 million. As of 1:00 PM ET on October 20, 2025, the estimated market value of its BNB holdings stood at $546.8 million. Furthermore, the Company holds an additional $50 million in unrestricted cash and cash equivalents, bringing its combined crypto and cash assets to a total of $596.8 million.
The Company’s most recent acquisition solidifies its standing as the world’s foremost corporate BNB treasury, propelling it closer to its stated objective of possessing 1% of the total BNB supply by the close of 2025.
BNB has experienced a resurgence in recent weeks, defying the broader cryptocurrency market’s search for stability. This momentum is fueled by a significant increase in institutional engagement and practical application. Coinbase has included BNB among the assets it is evaluating for comprehensive platform integration. Concurrently, China Merchants Bank International (CMBI) recently launched a tokenized USD money market fund on the BNB Chain, distributing new tokens to accredited investors. Moreover, reports indicate that China Renaissance has initiated the development of a $600 million digital asset treasury centered on BNB, highlighting increasing corporate alignment within the ecosystem. The BNB Chain itself also registered a record 3.6 million daily active addresses last week, emphasizing its growing user base and practical utility.
David Namdar, CEO of CEA Industries (BNC), shared his perspective:
“Surpassing the half-million BNB threshold represents more than just a numerical achievement; it serves as a powerful affirmation of our conviction as we swiftly advance towards our objective of holding 1% of the total supply. The active involvement of prominent institutions such as Coinbase, CMBI, and China Renaissance within the BNB ecosystem unequivocally demonstrates that this asset is entering a new era of institutional acceptance.
We have consistently regarded BNB as fundamentally more than just a token; it is the essential infrastructure supporting one of the globe’s most extensively adopted blockchain networks. Our methodical capital allocation approach and unwavering long-term perspective continue to distinguish BNC, as we strategically position ourselves to capitalize on opportunities throughout this rapidly expanding ecosystem.”
The recent additions to the Company’s executive team further underscore its dedication to robust leadership, transparency, and strategic implementation. Earlier this month, Carly E. Howard, JD, LLM, a distinguished legal executive boasting over two decades of expertise in corporate law and digital asset regulation, was appointed to the Board as a Non-Executive Director. Subsequently, Jon “Dr. J” Najarian, a well-known contributor to CNBC and Fox Business, an accomplished veteran trader, and a respected financial markets commentator, assumed the role of Chief Evangelist, tasked with enhancing BNC’s global profile and fostering investor engagement. These strategic appointments are set to fortify BNC’s governance and market footprint as its digital asset treasury operations continue to expand.
About CEA
CEA Industries Inc. (Nasdaq: BNC) is a growth-focused enterprise dedicated to establishing leading businesses across various consumer sectors, notably by managing the world’s most extensive corporate treasury of Binance Coin (BNB). BNC provides investors with institutional-quality access to BNB exposure.
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