The treasury arm of CEA Industries, BNB Network Company (BNC), has bolstered its digital asset holdings for the second time by purchasing 88,888 BNB. The firm disclosed its latest acquisition via an official press release published today.
@BNBNetworkCo buys another 88.8K $BNB. See the conviction. $BNC is the Ticker!@namdar @BNBCHAIN @yzilabs https://t.co/rdfaN6vZfQ
— 10X Capital (@10XCapitalUSA) August 14, 2025
The recent treasury boost builds upon a purchase of 200,000 BNB worth $160 million, which was announced three days ago. Interestingly, the company’s ambition is to hold 1% of the crypto’s total supply by the end of 2025. At current metrics, the target translates to holding over 1.39 million BNB, which the firm has already acquired 20.75%.
Leading the initiative is David Namdar, BNC’s CEO and co-founder of Galaxy Digital, who emphasized the significance of the purchases, saying:
“Our focus is singular and our ambition is clear. Every purchase strengthens our position, compounds our exposure, and brings us closer to becoming the benchmark institutional vehicle for BNB.”
Notably, BNC’s BNB-focused approach contrasts with some other crypto treasuries, which hold different assets. Needless to say, the buys align with the growth of the asset alongside the ecosystem it powers — the Binance Smart Chain network. Recall that before the purchase disclosure, the crypto rallied, slightly surpassing its previous all-time high and peaking at $868.
Additionally, the 88,888 BNB acquisition has cemented BNC’s position as the largest corporate holder of BNB globally. The American-based firm plans to raise an additional $750 million via warrant execution to further catapult its BNB treasury to an over $1.25 billion valuation. The purchase brings the company’s crypto holdings to 288,888 BNB.
Other Firms Focus on Small-Cap Assets
As corporate entities establish treasuries for major cryptocurrencies like BTC, ETH, BNB, and SOL, others focus on assets with a smaller market valuation. For example, Minnesota-based Mill City Ventures recently allocated $450 million treasury fund for SUI, the native asset of the Sui blockchain.
NASDAQ-listed beverage firm Safety Shot also announced its foray into the Memecoin sector by launching a treasury centered on the Solana-based token, BONK. The company secured $25 million in BONK tokens via a deal offering $35 million in convertible preferred shares to BONK’s founding contributors. The move marks the company as the first to create a Bonk treasury.
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