- **CEA Industries (BNC)** has disclosed it holds **388,888 BNB tokens**, valued at approximately **$330 million**, and aims to acquire 1% of BNB's total supply before 2026.  **[1482541_20250903LN64458:0]** 
- The company completed a **$500 million capital raise** from over **140 institutional investors** and rebranded by changing its ticker from VAPE to BNC, signaling its transformation into a dedicated BNB investment vehicle.  **[1482541_20250903LN64458:0]** **[1482541_20250903LN64458:1]** 
- With potential additional warrant proceeds of **$750 million**, BNC's total BNB holdings could increase to over **$1.25 billion**, positioning it for significant institutional exposure to blockchain infrastructure.  **[1482541_20250903LN64458:1]**

CEA Industries Reveals Significant BNB Token Holdings and Strategic Transformation

- **CEA Industries (BNC)** has strategically shifted its focus to become the world's largest corporate holder of **BNB tokens**, with current treasury holdings exceeding **350,000 BNB tokens**, an increase of more than **150,000 tokens** beyond its initial **200,000 purchase**.  **[1482541_20250828LN61245:0]** 
- This strategy was funded by a **$500 million private placement** specifically earmarked for BNB token acquisition, and the company changed its ticker symbol from VAPE to BNC to reflect its new identity.  **[1482541_20250828LN61245:0]** 
- Key leadership appointments include **David Namdar** as CEO and **Russell Read** as CIO, bringing significant crypto and institutional finance experience to the company.  **[1482541_20250828LN61245:1]**