The CEA Industries (BNC) has now revealed that it now holds 480,000 BNB tokens, a 15% increase from a previous disclosure, as the price of the Native BNB chain token is rising at a new high time.
The company spent nearly $ 412.8 million to get the additional BNB to an average price of $ 860 per token, according to A Tuesday press release. BNB is currently trading at $ 1,303, just down from AREcord is high Press earlier in the session.
Combined with $ 77.5 million cash, the company’s total ark is close to $ 700 million marks.
The price of BNB increased as its blockchain activity accelerated. Data from Tokenterminal This is shown recorded 58 million monthly active addresses in September. Most of that growth is linked to Aster, a new decentralized exchange that has seen a total amount that has been locked fast past $ 2.4 billion, according to DeleteWhile its trading volume for the month is close to $ 200 billion.
BNB increases are also strengthened by technical integrations, specifically a new cooperation with Chainlink to bring us data to economic Onchain.
CEA Industries said it plans to accumulate 1% of the total BNB supply by the end of the year. Shares are 7% higher in Tuesday trade.
