CEA Industries (BNC) has revealed that it now has 480,000 BNB tokens, an increase of 15% from a previous reveal as the price of the BNB chain’s original token is rising to a new one all the time.
The company spent about $ 412.8 million to acquire the extra BNB at an average price of $ 860 per Token, according to a press release on Tuesday. BNB is currently shopping for $ 1,303, down just a bit from a record high hit earlier in the session.
Combined with $ 77.5 million in cash, the company’s total treasury is now near the $ 700 million brand.
The price of BNB has risen as the activity on its blockchain has accelerated. Data from Tokenterminal shows that the registered 58 million active addresses in September. Much of this growth has been linked to Aster, a new decentralized exchange that has seen its total value unlocked surge quickly past $ 2.4 billion, according to Defillama, while its trading volume for the month is almost $ 200 billion.
BNB’s increase is also strengthened by technical integrations, specifically a new partnership with chainlink to bring us financial data onchain.
CEA Industries says it plans to accumulate 1% of the total BNB supply at the end of the year. Shares are higher by 7% in Tuesday’s trade.
