BNB Network Company, the treasury management business of CEA Industries Inc. (Ticker: BNC), today announced the purchase of 200,000 BNB crypto tokens, valued at $160 million. This makes it the largest corporate holder of BNB globally.
This acquisition follows a $500 million private placement, led by 10X Capital and in partnership with YZi Labs, to fund a treasury strategy centered exclusively on BNB, now the company’s primary reserve asset.
Nasdaq: $BNC is now the largest corporate holder of $BNB with over 200,000 tokens in treasury. $BNB is the asset. $BNC is the ticker! https://t.co/5YV1yW2wIw
— 10X Capital (@10XCapitalUSA) August 11, 2025
A Strategic Institutional Pivot to BNB Crypto
Under its new Nasdaq ticker, BNC (formerly VAPE) is pivoting its treasury management to focus solely on building significant exposure to BNB crypto, a first for the Binance-linked digital asset.
Leadership has been restructured to support this crypto-first strategy: David Namdar, co-founder of Galaxy Digital, has joined as CEO, joined by Russell Read, former CIO at CalPERS, and former Kraken director Saad Naja.
10X Capital Founding Partner Hans Thomas and Partner Alexander Monje have joined the company’s Board of Directors, rounding out its crypto-focused team.
BNC is cornering an area of the market that has previously gone untapped. While multiple companies are following Michael Saylor’s BTC accumulation strategy, and ETH Treasuries are gaining popularity, BNB has not had a dedicated treasury firm until now.
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Why Did CEA Industries Choose BNB?
BNB, the native token of BNB Chain and closely linked to the world’s largest exchange, Binance, is home to one of the most active on-chain communities. It has a diverse ecosystem of meme coins, NFTs, and DeFi protocols.
With a market cap of $111 billion and $12.3 billion in total value locked (TVL), it ranks as the third-largest chain by TVL and fifth-largest by market cap. However, due to its strong ecosystem and close ties to Binance, it still displays potential for further growth.
Deflationary token burns, increasing on-chain activity, and potential catalysts such as a BNB spot ETF make the asset a compelling long-term play. For BNC, BNB is not just a strategic reserve; it represents a growth opportunity aligned with one of the strongest ecosystems in the industry.
The $160 million purchase confirms BNC’s role as the leading institutional BNB treasury globally. As of July 2025, BNB boasted 250 million users and an average daily trading volume of $9.3 billion, yet it remains underrepresented in the U.S.
BNB crypto is currently trading for $794, just 7% down from its all-time high of $858 on July 28. BNB has processed over $1.4 billion in daily trading volume for spot pairs and over $2.5 billion in 24-hour perps volume.
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What’s Next For The BNB Network Company?
BNC plans to continue purchasing BNB until the initial treasury capital is fully deployed and may tap up to $750 million more via its warrant structure. Total proceeds could approach $1.25 billion for additional BNB acquisitions if fully exercised.
With the slew of TradFi firms pivoting to digital asset treasury strategies, BNC is the first to utilize BNB as its treasury asset. Strategy and MetaPlanet are the more well-known firms buying Bitcoin, while Bitmine and Sharplink Gaming are rising in popularity with their ETH Treasury strategies.
This positions BNC to capture a unique market opportunity, offering U.S. and global investors exposure to BNB without requiring them to hold the token directly, thereby gaining a first-mover advantage.
By securing $160 million in BNB crypto and leveraging a robust $500 million private raise, BNC has established itself as the world’s leading corporate BNB treasury, signaling both confidence in BNB Chain’s long-term trajectory and a commitment to bringing BNB into the spotlight for U.S. institutional investors.
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Who Are YZi Labs and 10x Capital?
(SOURCE)
YZi Labs manages over $10 billion in assets worldwide with an “impact first” approach, believing that strong returns follow meaningful change. The firm invests at all stages, focusing on Web3, AI, and biotech.
It was previously known as Binance Labs, before rebranding to YZi Labs, and is a family office company for Binance co-founder, CZ. The YZi Labs portfolio includes more than 300 projects in over 25 countries across six continents, with over 65 companies emerging from its incubation programs.
As for 10X Capital, it is a next-generation investment firm driving digital transformation in assets and infrastructure. It bridges institutional capital with Web3 opportunities worldwide via public and private markets, including portfolio companies, treasury operations, and an affiliated investment bank.
10X Capital’s backing of the BNB Network Company venture may be its most ambitious yet. It is the first TradFi firm adopting a crypto treasury strategy with BNB crypto. Most of these firms utilize BTC, ETH, and SOL for their treasury assets.
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BONUS: Snorter Bot (SNORT) Hits $2.5M In Presale Funding – Is This The Must-Have Trading Tool For 2025?
Away from Binance, BNC, and all things BNB crypto, Snorter Bot (SNORT) is a unique offering on the market right now. It doubles up as a meme coin with incredible potential to be the next big thing while also serving as a Telegram-trading bot that allows users to snipe and trade the next 1000x meme coin on Solana.
It is a multi-chain-ready Telegram Trading bot that offers SNORT holders market-leading trading fees of just 0.85%. This beats the competition from day one and is cheaper than Trojan and BONKBot, among other trading bots.
Regarding competitor trading bots on Telegram, Snorter Bot is entering a space where current leaders, such as BONKbot, Banana Gun, and Trojan, generate between $40 million and $80 million in annual fees. This indicates Snorter’s potential to become the trading bot with the lowest fees on the market.
It has raised over $2.5 million in just over two months since its ICO went live, highlighting investors’ appetite for a meme coin and utility hybrid project like Snorter Bot. $5 million seems like a credible target for SNORT funding in the short term, with $10 million a real possibility as word begins to spread about Snorter Bot.
Snorter Bot has built-in MEV protection, an innovative sniper tool, and a copy-trade function. It allows users to follow their favorite wallets and influencers into the trenches while also sniping dirt-cheap bags of the hottest new token launches.
Although SNORT will initially only be available for Solana, the bot has been developed with day-one multi-chain capabilities. It is no surprise that it will likely soon be available on Base, Ethereum, and other notable chains.
Investors seeking passive income on their SNORT presale bag can stake their tokens for a juicy 147% APY. This offers traders a perfect passive income opportunity while they wait for the Snorter Bot ICO to close.
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