CEA Industries Stock Surges 650% After $500M PIPE Led by 10X Capital YZi Labs for Largest BNB Treasury

CEA Industries (VAPE), a Nasdaq-listed cannabis and nicotine company, experienced a dramatic 650% surge in its stock price during Monday’s trading session following the announcement of a $500 million private investment in public equity (PIPE) offering. The funding, led by 10X Capital and YZi Labs, includes $400 million in cash and $100 million in cryptocurrency, with the goal of establishing the largest publicly traded BNB corporate treasury in the United States [1]. The offering could expand to $1.25 billion in gross proceeds if all warrants are exercised, attracting over 140 institutional and crypto-native investors, including Pantera Capital, Arche Capital, and GSR [1].

The BNB treasury strategy will be managed by 10X Capital, supported by YZi Labs, and overseen by a team of industry veterans. Key figures include David Namdar, co-founder of Galaxy Digital; Russell Read, former CIO of CalPERS and 10X Capital; and Saad Naja, a former director at Kraken. Russell Read highlighted BNB’s role in powering blockchain ecosystems, stating its utility in decentralized finance (DeFi), payments, and enterprise applications makes it an attractive asset for institutional portfolios focused on long-term value [1]. YZi Labs, a family office investment firm linked to former Binance CEO Changpeng “CZ” Zhao, recently announced its support for the initiative, aiming to see the venture trade publicly in the U.S. [1].

This move aligns with a broader trend of corporations acquiring blockchain assets. CEA Industries plans to scale its BNB holdings significantly over the next 12–24 months and explore revenue-generating opportunities such as staking and lending within the Binance ecosystem [1]. BNB, the fourth-largest cryptocurrency by market cap, rose 5% to $838.07 during the announcement, reflecting renewed institutional interest [1].

CEA’s market capitalization currently stands at approximately $56.3 million, making the $500 million offering a pivotal shift for the company. While the stock’s 650% single-day gain underscores investor enthusiasm, the long-term success of the BNB treasury model remains untested in public markets. Analysts note that execution risks include regulatory scrutiny, BNB’s price volatility, and the team’s ability to generate returns through staking and other strategies [1].

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