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3d ago

CEA Industries Secures $500 Million Oversubscribed BNB Treasury PIPE

This capital raise underpins the largest U.S.-listed Binance Coin treasury vehicle; CEA Industries is poised to begin staking and lending within the BNB ecosystem by month’s end.

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Overview

  • CEA Industries’ $500 million private placement led by 10X Capital and YZi Labs attracted over 140 institutional and crypto-native investors, comprising $400 million in cash and $100 million in cryptocurrency, with warrants that could boost proceeds to $1.25 billion.
  • The financing is set to close by July 31, at which point CEA Industries will deploy funds to acquire BNB tokens and scale holdings over the next 12 to 24 months.
  • Shares of CEA Industries surged more than 700% upon the announcement, and BNB traded near its all-time high above $850 as institutional demand spiked.
  • Incoming CEO David Namdar and CIO Russell Read will lead the treasury vehicle’s strategy, focusing on yield generation through staking, lending, and node participation on BNB Chain.
  • The deal caps a broader trend in which public companies have allocated over $1.7 billion to Binance Coin treasuries this month, reflecting growing institutional diversification beyond Bitcoin and Ethereum.