On October 26, BNB Standard Corporation (ticker BNC) opened trading on Nasdaq. New CEO Alex Odagiu rang the bell, with Binance founder Changpeng Zhao (CZ) and the YZi Labs team in attendance.
The occasion was the company’s rebrand and new leadership. Until September 29, it was called CEA Industries, and the new name was chosen through a BNB community vote. Odagiu took over as CEO on October 19 after five years at YZi Labs.
BNC runs the largest corporate BNB treasury. The strategy launched in July 2025 with a $500 million private placement. According to its latest report, the company holds 515,544 BNB, worth about $382 million at current prices. Yet BNC’s market cap is only about $283 million, meaning its shares trade at a discount of roughly 26% to its assets.
Next, the company plans to keep buying BNB and launch its own validator on BNB Chain.
