BNC invested $160 million in BNB, becoming the largest corporate holder of BNB assets in the world

New York, August 10, 2025 (Global News Agency) ------ BNB Network Company (NASDAQ: BNC), the treasury management business under CEA Industries Inc. (NASDAQ: BNC), today announced the acquisition of 200,000 BNB tokens, becoming the enterprise with the largest holding of BNB globally. This acquisition was made following the completion of a $500 million private placement financing led by 10X Capital and in collaboration with YZi Labs, aimed at supporting the company's BNB-centric treasury strategy ------ BNB has now become the company's primary reserve asset.

Strategic Shift to BNB

BNC (formerly VAPE) has completely shifted its treasury management focus to large-scale holdings of BNB after changing its NASDAQ ticker symbol.

The company has also adjusted its leadership structure to align with this "crypto-first" strategy: David Namdar, co-founder of Galaxy Digital, has been appointed as CEO, while former Chief Investment Officer of the California Public Employees' Retirement System (CalPERS) Russell Read and former Kraken executive Saad Naja have joined the management team.

Additionally, 10X Capital founding partner Hans Thomas and partner Alexander Monje have also joined the company's board of directors.

Why Choose BNB

BNB is the native token of the BNB Chain, which has one of the most active Web3 developer and user communities globally. Currently, BNB ranks as the fourth largest cryptocurrency by market capitalization, with a total value locked (TVL) of $12.3 billion, ranking third, and demonstrating strong growth potential.

The token's deflationary mechanism through token burns, increasing on-chain activity, and potential positive catalysts (such as a BNB spot ETF) make it an attractive long-term investment target. For BNC, BNB is not only a strategic reserve asset but also a growth opportunity tied to one of the most resilient ecosystems.

Significance of the Event

This $160 million acquisition establishes BNC's leading position in the global BNB enterprise treasury sector.

BNB currently has 250 million users, with an average daily trading volume of $9.3 billion in July 2025, but remains relatively scarce in the U.S. market. BNC aims to fill this gap and bring more institutional strength to the BNB ecosystem.

Next Steps

BNC plans to continue increasing its BNB holdings before fully deploying its initial treasury funds and may refinance up to $750 million through a warrant mechanism. If fully exercised, the total financing amount is expected to approach $1.25 billion for further BNB acquisitions.

This will allow BNC to seize a unique market opportunity ------ providing U.S. and global investors with a way to gain exposure to BNB without directly holding the tokens.

With a $160 million BNB position and $500 million in strong private placement financing, BNC has established itself as the largest enterprise-level BNB treasury manager globally ------ this not only reflects confidence in the long-term development potential of BNB Chain but also demonstrates its commitment to bringing BNB into the sights of U.S. institutional investors.

About YZi Labs

YZi Labs manages over $10 billion in assets globally, adhering to the "impact-first" philosophy ------ believing that substantial returns stem from meaningful change. The company invests across all stages, focusing on Web3, artificial intelligence, and biotechnology. Its portfolio includes over 300 projects across 25+ countries on six continents, with more than 65 companies emerging from its incubation program. Follow YZi Labs on X for more information.

About 10X Capital

10X Capital is a next-generation investment firm dedicated to driving the digital transformation of assets and infrastructure, connecting institutional capital with global quality opportunities through public and private markets, portfolio companies, treasury management businesses, and affiliated investment banks. With expertise in corporate development, asset and treasury management, and capital markets, 10X Capital has built a globally influential digital asset treasury management enterprise, formulating disruptive strategies. Follow 10X Capital on X for more information.

About BNC

BNC (NASDAQ: BNC) is a publicly traded company committed to building and managing the largest enterprise-level BNB (Binance Coin) treasury globally, providing investors with institutional-grade exposure to BNB investments.