CEA Industries Boosts BNB Holdings to 480K as Token Reaches Historic High - BNC Stock Rises 7%

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Bullish

CEA Industries Boosts BNB Holdings to 480K as Token Reaches Historic High - BNC Stock Rises 7%

CEA Industries (BNC) has announced a significant expansion of its BNB portfolio, now holding 480,000 BNB tokens representing a 15% increase from previous levels. This strategic accumulation coincides with BNB achieving unprecedented price milestones in the cryptocurrency market. The company allocated approximately $412.8 million to acquire additional BNB tokens at an average price of $860 per token. Despite minor fluctuations, BNB continues trading strongly around $1,303, maintaining proximity to its session peak. Combined with $77.5 million in cash reserves, CEA Industries' total treasury now approaches the $700 million threshold. BNB's remarkable price performance correlates with accelerated blockchain activity, recording 58 million monthly active addresses in September. The Aster decentralized exchange has been a primary growth driver, surpassing $2.4 billion in total value locked while generating nearly $200 billion in monthly trading volume. Technical advancements further support BNB's bullish trajectory, including a strategic Chainlink partnership integrating U.S. economic data onchain. CEA Industries maintains an ambitious target to accumulate 1% of total BNB supply by year-end, with company shares surging 7% in Tuesday's trading session.
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