Public Firms Boost BNB Treasuries with Applied DNA and CEA
Public companies are ramping up BNB treasury strategies amid rising institutional confidence in Binance Coin (BNB). Applied DNA Sciences raised $27 million—$15.3 million in cash and USDE stablecoins plus $11.7 million in OBNB Trust units—and added 4,908 BNB directly, boosting its indirect holdings to about 10,647 tokens. A day earlier, CEA Industries bought 500,000 BNB at roughly $870 each and plans to hold 1% of BNB’s total supply by year-end. Bloomberg reports China Renaissance’s Huaxing Capital is exploring a $600 million fund to build a U.S. BNB treasury. BNB overtook XRP to become the third-largest crypto by market cap on October 7 and hit a $1,370 all-time high on October 13. Following a $19 billion liquidation event, BNB stabilized near $1,080 after Binance’s $400 million relief package and BNB airdrop. The trend of corporate BNB acquisitions signals a bullish outlook as firms seek yield and diversification.
Bullish
The surge in corporate BNB acquisitions by Applied DNA and CEA, combined with institutional fund proposals, points to strong institutional demand that can support BNB’s price. The fact that BNB overtook XRP and reached new highs, and that Binance deployed substantial relief measures during market stress, suggests resilience and investor confidence. In the short term, BNB may experience volatility due to liquidation events, but sustained corporate accumulation and DeFi yield strategies on BNB Chain are likely to drive long-term bullish momentum.