CEA Industries, a Nasdaq-listed company, has revealed its substantial investment in Binance Coin (BNB), holding over 500,000 tokens. The company's total investment in BNB amounts to $435 million, with an average acquisition cost of $870 per token. As of October 20th, the value of these holdings has increased to $546.8 million.
In addition to its BNB assets, CEA Industries maintains approximately $50 million in unencumbered cash and cash equivalents. This brings the company's total cryptocurrency and cash holdings to $596.8 million, highlighting its significant financial position in the crypto market.
CEA Industries' BNB Holdings Exceed 500,000 Tokens, Valued at $546.8 Million
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.