The Nasdaq-listed BNB Network Company, the treasury arm of CEA Industries, bought 200,000 $BNB for about $160 million. That purchase makes BNC the largest publicly listed holder of the token. This is not a one-off. BNC says it will keep buying $BNB until its initial treasury capital is burned through. The company also has a warrant structure that could add up to $750 million more in capital. If those warrants are fully exercised, BNC could deploy roughly $1.25 billion into BNB over time. BNC, a subsidiary of CEA Industries, has bought 200,000 $BNB for $160M, making it the largest publicly
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