This Vape Company Aims to Establish the Largest Publicly-Traded BNB Treasury Firm in the US

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.