CEA Industries nears 1% BNB goal as asset value reaches new ATH

CEA Industries is rapidly closing in on its goal to own 1% of the entire BNB supply, announcing it now holds 480,000 tokens. This aggressive acquisition pace unfolds against the backdrop of the asset’s stunning climb into the $1,300 territory.

On Oct. 7, CEA Industries announced that its BNB holdings have reached 480,000 tokens, valued at approximately $585.5 million as of Oct. 6. The company’s average acquisition price stands at $860 per token, bringing its total crypto and cash reserves to $663 million.

The update follows a steady ramp-up in accumulation through September, when the Nasdaq-listed firm disclosed 388,888 BNB. CEA has since added more than 91,000 tokens, deploying an estimated $78 million as BNB reached record highs above $1,330.