Publicly traded firms are increasingly turning BNB into a key treasury asset, signaling confidence in Binance’s blockchain ecosystem. On Wednesday, Applied DNA Sciences revealed it had purchased 4,908 BNB tokens valued at approximately $5.3 million, sending its shares up more than 50%.
The acquisition followed a $27 million PIPE (private investment in public equity) involving $15.3 million in cash and stablecoins and $11.7 million in OBNB Trust units, giving indirect ownership of 10,647 BNB.
At the same time, CEA Industries, a Canadian vape manufacturer that pivoted into crypto treasury management, disclosed a purchase of 500,000 BNB tokens at an average price of $870 each. CEA aims to own 1% of BNB’s total supply by year-end, positioning itself as the largest BNB treasury company.
Meanwhile, China Renaissance Holdings reportedly plans to raise $600 million to form a digital-asset treasury focused on BNB accumulation, underscoring the token’s growing corporate adoption.
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