BNB took the stage at the Nasdaq opening bell for the first time, and CZ was there
At 9:30 a.m. ET on October 26 (9:30 p.m. Beijing time), BNB Standard (Nasdaq ticker: BNC), the world’s largest corporate BNB treasury, rang the opening bell in Times Square, New York. CZ attended alongside the company’s board and management team, with people from YZi Labs and BNB Chain also present.
To be clear: this was not a new stock listing. BNC was formerly known as CEA Industries, and its shares have been traded on Nasdaq all along. It changed its name to BNB Standard on September 29 (selected by a community vote, with around 5,799 votes and about 47% of the vote), and Alex Odagiu officially became CEO on October 19. The bell-ringing ceremony celebrated the new name and management team.
A few key figures:
· Held 515,544 BNB as of July 31, worth about $302 million at the time
· BNB accounted for about 93.1% of the company’s total assets
· Plans to operate its own BNB Chain validator nodes and stake through a compliant custodian
· Launched its treasury strategy in July 2025, announcing a $500 million private placement at the time, with YZi Labs and 10X Capital participating
Why is this worth paying attention to?
Its model is similar to “Strategy for BNB”: raising funds in the U.S. stock market to hold BNB, giving institutions that can’t buy crypto directly exposure to BNB through shares. CZ also noted at the event that BNB Chain has around 3 million daily users and produces a block approximately every 0.5 seconds.
But it’s worth keeping a cool head: ringing the bell doesn’t mean the company has added to its treasury. The stock price is highly tied to BNB, and when the coin’s price falls, the stock usually falls even harder.
$BNB is now around $741, and has been trading sideways between $736 and $750 all weekend.
Do you think BNB treasury companies will bring sustained buying pressure to BNB, the way Strategy did for BTC? Share your thoughts in the comments.
The information above comes from company announcements and public reports and does not constitute investment advice.
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