CEA Industries Inc., which recently rebranded its treasury subsidiary as BNB Network Company, said it acquired 200,000 BNB tokens for roughly $160 million, making the Nasdaq-listed firm the largest corporate holder of Binance’s native cryptocurrency. The purchase was completed on 10 Aug and represents the first deployment of a new digital-asset treasury strategy focused exclusively on BNB. The transaction was financed from a $500 million private placement led by 10X Capital with participation from YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He. CEA Industries added that the warrant structure of the deal could provide a further $750 million, giving the company capacity to lift total BNB purchases to as much as $1.25 billion over time. Management said the pivot aims to give U.S. investors regulated equity exposure to BNB, a token the company argues is under-represented in institutional portfolios despite underpinning a blockchain network used by an estimated 250 million users. BNB, the fourth-largest cryptocurrency by market value, traded near a yearly high at about $823 on Monday. CEA shares were up 3.7% at $17.10 following the announcement.