This Vape Company Aims to Establish the Largest Publicly-Traded BNB Treasury Firm in the US
Main Idea
CEA Industries Inc. is transforming into a BNB-focused treasury vehicle after a highly oversubscribed financing round, aiming to become the largest publicly traded BNB treasury company in the U.S. and provide institutional exposure to Binance’s native blockchain asset.
Key Points
1. CEA Industries Inc.'s stock surged by 550% following an oversubscribed and upsized PIPE financing round backed by 10X Capital and YZi Labs.
2. The company aims to become the largest publicly traded BNB treasury company in the U.S., offering institutional exposure to Binance’s native Layer 1 blockchain asset.
3. The PIPE attracted over 140 global subscribers, including major crypto investment firms like Pantera Capital and GSR.
4. CEA plans to deploy capital into BNB and has appointed crypto veterans to its leadership team, including David Namdar and Russell Read.
5. Windtree Therapeutics also announced plans to raise $520 million to expand its BNB crypto reserves, partnering with Kraken for custody and trading support.
Description
CEA Industries Inc., a Canadian vape company, saw its stock surge by 550% following its pivot into digital assets. The entity announced it had priced an oversubscribed and upsized PIPE financing round, backed by 10X Capital and YZi Labs, in a bid to transform into a BNB-focused treasury vehicle. BNB Treasury Move In an official press release, CEA said that it aims to become the largest publicly traded BNB treasury company in the United States and bring institutional exposure to Binance’s native ...
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