Changpeng Zhao, founder of Binance, said that Build and Build (BNB) adoption is increasing and that BNC aims to expand its holdings toward 1% of supply. The statement was made on X.
“BNB adoption is rapidly expanding,” said Zhao. “NASDAQ: BNC BNB Network Company, with YZi Labs’ support and investment, now leads with the largest BNB treasury globally. $BNC is pleased to announce the expansion of our holdings to 388,888 $BNB, with a goal of 1% of supply by year-end. This is conviction in action for what we see as one of crypto’s most overlooked assets.”
On September 2, 2025, CEA Industries announced it had expanded its BNB treasury to 388,888 tokens valued at approximately $330 million. The company reaffirmed its target of holding roughly 1% of the total supply by year-end. According to GlobeNewswire, the release highlighted BNB’s strength with prices near $900, leading daily active users, top decentralized exchange volume, and more than $12 billion in total value locked. The company framed the move as part of its single-asset BNB strategy and a way to become a major “BNB proxy.”
As reported by CoinMarketCap in early September 2025, Binance Coin (BNB) was trading around $850 with a circulating supply of about 139.19 million tokens. This gives it a market capitalization close to $118 billion, placing BNB as the fifth-largest cryptocurrency by market value and underscoring its importance in the digital asset market.
According to CoinDesk, CEA Industries’ current BNB treasury of 388,888 tokens makes it the largest corporate holder of BNB. This positions it as a significant institutional player in the ecosystem. Achieving its goal of 1% of supply would require about 1.39 million BNB, valued at approximately $1.18 billion at $850 per token.
Forbes reports that Changpeng Zhao, commonly known as CZ, is a visionary entrepreneur who founded Binance in 2017 and quickly grew it into the world’s largest cryptocurrency exchange by trading volume. He is widely recognized for his leadership in advancing blockchain technology and promoting financial inclusion globally.
Binance operates as a global blockchain ecosystem and is best known for running the world’s largest digital asset exchange by trading volume. According to Binance’s official site, its mission is to provide infrastructure for the crypto industry across various services including spot and derivatives trading, custody, venture capital, research, and more.
