29.07.2025 00:08

CEA Industries (VAPE), a consumer products company, experienced a dramatic surge in its stock price, soaring over 700% on Monday. This meteoric rise followed the announcement of a groundbreaking plan to establish a substantial $500 million cryptocurrency treasury focused on Binance Coin (BNB).

The company is securing this substantial investment through a private investment in public equity (PIPE) offering, raising an initial $500 million in collaboration with 10x Capital and YZi Labs. Further bolstering their resources, an additional $750 million is potentially available through exercised warrants, potentially providing up to $1.25 billion for BNB acquisitions. This makes it a significant player in the crypto market, especially considering BNB's recent all-time high.

David Namdar, incoming CEO of CEA Industries and Partner at 10x Capital, highlighted the significance of this initiative in a press release. He emphasized the limited institutional access to the widely used BNB Chain ecosystem until now, and that this treasury vehicle allows traditional investors a transparent entry point into this rapidly expanding market. This, he noted, represents a crucial step towards integrating digital assets into mainstream finance.

The company's recent acquisition of Fat Panda, a Canadian vape retail chain and product manufacturer, completed in June, positions CEA Industries firmly within the Canadian vape market. The company also recently changed its stock ticker symbol to VAPE. The PIPE financing is slated to close on July 31st, marking the commencement of BNB acquisitions. CEA Industries plans to strategically expand its BNB holdings over the next two years, utilizing at-the-money offerings and other methods, demonstrating a long-term commitment to this cryptocurrency investment strategy. The information was obtained from internet sources.