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7h ago

CEA Industries’ $500M BNB Treasury Deal Propels Token to Record High

Backed by more than 140 investors, CEA Industries’ $500 million PIPE has driven BNB to record highs, setting up a July 31 closing that will kick off large-scale token purchases.

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CEA Industries eyes BNB treasury supremacy with $500m backing
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Overview

  • CEA Industries and 10X Capital, backed by YZi Labs, launched a $500 million private placement with warrants that could boost proceeds to $1.25 billion for a Nasdaq-listed BNB treasury vehicle.
  • Over 140 institutional and crypto-native investors, including Pantera Capital, GSR and Blockchain.com, have subscribed to the offering.
  • BNB’s price surged to an all-time high of $859 on Monday, while CEA’s shares rallied more than 700% after the treasury plan was announced.
  • The financing is slated to close by July 31, at which point CEA Industries will begin acquiring BNB and expand its holdings over 12–24 months through at-the-market offerings and other strategies.
  • The company aims to offer both institutional and retail exposure to the BNB Chain ecosystem, leveraging staking rewards and transaction fee incentives to generate yield.