BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries ($BNC) expands its holdings to 480,000 tokens worth $585 million.
BNB Rally Pushes BNC’s Treasury to Record Value
CEA Industries (Nasdaq: BNC) has reinforced its status as the largest corporate holder of Binance Coin (BNB). The company announced via an official statement it now owns 480,000 BNB, worth roughly $585.5 million. Its total investment stands at $412.8 million, with an average purchase price of $860 per token.
The update comes as BNB hits a new all-time high of $1,300, climbing more than 5.7% in 24 hours. This is driven partly by Binance’s recent partnership with Franklin Templeton.
According to TradingView data, BNB traded around $1,294 on Monday, marking a 25% weekly gain and a 122% rise over six months. Its market cap has now exceeded $184 billion, overtaking XRP to become the third-largest cryptocurrency.
BNB Fuels BNC’s Ambitious Expansion Goal
CEA Industries aims to hold 1% of the token’s total supply by year-end. Binance founder CZ posted on X, calling it “#BNB meme szn!” and admitting he “didn’t expect this at all.”
His lighthearted comment follows a wave of social excitement as BNB extended its lead among major altcoins. Earlier, Zhao urged traditional banks to integrate BNB, echoing analysts’ forecasts of a $1,300 breakout.
Ali, a well-known crypto analyst, described BNB’s milestone as “a huge achievement,” highlighting its 31.6% seven-day gain and a historic climb past XRP. The chart he shared showed BNB trading above $1,328, placing it firmly behind only Bitcoin and Ethereum by market value.
CEA’s CEO David Namdar said the surge validates the token’s expanding utility and credibility. He described the token as “a fulcrum of a massively integrated ecosystem,” emphasizing that the company’s single-asset strategy provides focused exposure to Binance’s growth.
