Jul 28, 2025 (PRISM News via COMTEX) --
CEA Industries (VAPE) is pivoting in dramatic fashion, announcing a $500 million private placement to establish the largest publicly listed BNB Chain digital asset treasury vehicle in the world. The oversubscribed and upsized PIPE, led by 10X Capital and supported by YZi Labs, is set to close around July 31. Shares of VAPE are up 476% following the announcement.
The transaction consists of $400 million in cash and $100 million in crypto, with an additional $750 million potentially available from warrant exercises. Proceeds will be used to acquire and manage BNB, the native asset of Binance's blockchain ecosystem. With a market cap exceeding $100 billion, BNB is one of the most widely used crypto assets globally, yet institutional access has remained limited.
CEA's new leadership will include incoming CEO David Namdar (Co-Founder of Galaxy Digital), CIO Russell Read (former CIO of CalPERS), and Saad Naja (formerly of Kraken and Exinity). 10X Capital will serve as the asset manager of the new treasury strategy.
More than 140 institutions and crypto-native investors participated in the deal, including Pantera Capital, Blockchain.com, GSR, Kenetic, and Protocol Ventures. CEA expects to become one of the largest publicly traded vehicles offering exposure to a single Layer-1 blockchain.
Once the PIPE closes, the company plans to begin scaling its BNB holdings and generating revenue from staking and yield strategies across the Binance ecosystem. The move positions VAPE as a first-mover in institutional-grade BNB exposure, bridging traditional markets and decentralized finance.
The post CEA Industries Shares Jump 476% Following Launch of $500M Raise to Create World's Largest Public BNB Treasury Company appeared first on PRISM MarketView.
COMTEX_467629814/2927/2025-07-28T16:01:24
