Finance
What to know:
- CEA Industries has, with remarkable boldness, increased its holdings of BNB tokens to 480,000, after spending a staggering $412.8 million. Each token cost an average of $860. Who needs dinner when you can own crypto, right?
- Shockingly, the value of CEA’s BNB holdings has soared to over $625 million, as the token’s price rocketed to a new all-time high above $1,310. But hey, who’s counting? Definitely not the taxman.
- CEA Industries, ever the optimists, have now set their sights on owning 1% of the total BNB supply by the end of the year. A goal so lofty it could be considered sheer madness. But in this game, that’s what counts, isn’t it?
In the dizzying world of cryptocurrency, CEA Industries has surprised no one and yet everyone by revealing it now holds a staggering 480,000 BNB tokens. This represents a rather healthy 15% increase from a previous disclosure-because who doesn’t like a little more crypto in their portfolio?
The company, with funds more plentiful than a millionaire’s closet, has spent $412.8 million to acquire this additional stash of BNB tokens at an average price of $860 each. Of course, that’s just the price of a luxury car in 2025, so no big deal. Currently, BNB is trading at a mere $1,303, slightly down from the record high earlier this session. Is it falling? Or is it simply taking a well-deserved nap? Time will tell, my dear reader.
And here’s the kicker-combining their BNB holdings with $77.5 million in cash, the firm’s total treasury now hovers near a cool $700 million. That’s one hell of a piggy bank! Wouldn’t we all love to have that kind of change lying around?
The price of BNB has seen this meteoric rise due to increased activity on its blockchain. TokenTerminal’s numbers don’t lie-58 million monthly active addresses in September alone. That’s more active than a caffeine addict on a Monday morning. Aster, a new decentralized exchange, has played a big role in this growth, with its total value locked rapidly surpassing $2.4 billion. You thought your portfolio was impressive? Think again.
The BNB surge isn’t all luck, of course. It’s also being fueled by technical integrations, including a shiny new partnership with Chainlink to bring U.S. economic data on-chain. You know, just casually revolutionizing the financial system. No pressure, BNB.
CEA Industries plans to keep on accumulating, setting their ambitious sights on 1% of the total BNB supply by the year’s end. In Tuesday’s trading, shares rose by 7%. A modest increase, but I’m sure they’d take that over a stock market crash any day.
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2025-10-07 19:27