The Nasdaq-listed firm revealed it could secure up to $1.25 billion, thanks to strong investor demand through a private equity deal led by YZi Labs.
The initial $500 million round included $400 million in cash and $100 million in crypto, with the potential for another $750 million from warrant conversions. These funds will go directly into accumulating BNB, positioning CEA Industries to rival other publicly traded BNB-heavy firms.
As news broke, CEA’s stock exploded, soaring 717% in just 24 hours to $72.51.
The initiative will be led by Galaxy Digital co-founder David Namdar as CEO, with Russell Read as CIO. Treasury management will be handled by YZi Labs and 10X Capital, with backing from over 140 institutions.
The company joins a growing list of publicly traded firms pivoting to BNB-focused strategies, competing with names like Windtree and Nano Labs. Total BNB treasury holdings across Nasdaq-listed firms have now surged past $1.5 billion, reflecting the rising tide of institutional appetite for Binance’s native token.
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