Nasdaq-Listed CEA Industries To Launch BNB Treasury, VAPE Stock Surges 700%

CEA Industries has ambitious plans to become the largest BNB Treasury company after a capital raise that could total $1.25 billion.
By Aliyu Pokima
Updated July 29, 2025
BNB Treasury firm BNC Acquires 200,000 Binance Coins, Becomes Largest Corporate Holder

Highlights

  • CEA Industries has announced a capital raise of $500 million via a common equity PIPE.
  • The publicly listed company says it will use the proceeds to set up the largest BNB treasury.
  • The reports comes amid a fresh all-time high for BNB amid rising institutional interest.

Nasdaq-listed CEA Industries has raised $500 million to float the largest corporate BNB Treasury. The capital raise can reach highs of $1.25 billion with a broad array of investors indicating interest in the PIPE.

Advertisement
Advertisement

CEA Industries To Launch BNB Treasury

According to a press release, CEA Industries is the latest firm to announce plans to transition to a crypto treasury company, angling to bolster its balance sheet with BNB. According to the announcement, the Nasdaq-listed company confirmed an upsized private investment in public equity (PIPE), which involved the company trading a portion of its shares.

The common equity PIPE led by YZi Labs raised $500 million in gross proceeds for CEA Industries. Out of the total sum, $400 million came in as cash, while $100 million was in digital assets. Furthermore, the company can receive an additional $750 million in cash from the exercise of warrants, potentially bringing the total raise to $1.25 billion.

With the deal expected to close on July 31, the company announced that the raise will be used to accumulate BNB on its balance sheet, making it the largest BNB treasury holder.

Earlier today, BNB hit a new ATH of $859 in a meteoric rally driven by rising institutional interest. Meanwhile, TradingView data shows that CEA Industries’ VAPE stock has spiked 717% over the last day, trading at around $72.51.

CEA Industries stock price
Source: Trading View

Right off the bat, Galaxy Digital co-founder David Namdar will serve as company CEO, while Russell Read will take on the role of CIO. 10X Capital and YZi Labs will be asset managers of the CEA Industries’ BNB treasury strategy, with 140 institutions participating in the PIPE.

“BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now,” said incoming CEO David Namdar. “By creating a US-listed treasury vehicle, we are opening the door for  traditional investors to participate in a transparent way.”

Meanwhile, CEA Industries will face stiff competition in its quest to set up the largest BNB treasury as the local ecosystem heats up. In mid-July, Nasdaq-listed Windtree launched a BNB Treasury with a $200 million investment to join Nano Labs in the scramble to accumulate the cryptocurrency.

Advertisement
Advertisement

Why This Move Matters

In an X post, YZi Labs, which was formerly Binance Labs, highlighted why this move from CEA Industries matters. The VC firm noted that CEA will become the first regulated, U.S.-listed treasury company focused on BNB with their support.

YZi Labs further stated that this BNB treasury will set the blueprint for how ecosystem-native tokens can bridge into Wall Street. Like Michael Saylor’s Strategy did for Bitcoin, the VC firm declared that CEA Industries now shows how BNB can scale via capital markets.

Binance co-founder Changpeng Zhao highlighted the surge in the VAPE stock. He declared that this was the power of BNB and that this also attracts more money to the altcoin.

Advertisement
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.