CEA Industries Secures $500 million to Build BNB Treasury Reserve

- Stock soars 600% following pivot to a Binance Coin (BNB) treasury strategy. - Leadership reshuffle and Nasdaq ticker rebranding announced amid corporate overhaul. According to a CoinDesk report on August 5, 2025, CEA Industries (NASDAQ: VAPE) completed a $500 million private placement to adopt Binance Coin (BNB) as its primary treasury reserve asset. This transformative move represents a landmark shift for the company as it integrates cryptocurrency into its financial ecosystem. Furthermore, YZi Labs, the family office of Binance founder Changpeng “CZ” Zhao, spearheaded the funding round, marking a high-profile collaboration in the crypto space. The financing attracted over 140 investors, including major crypto-focused firms such as Pantera Capital, GSR, and Blockchain.com. In addition, the funding structure includes warrants that, if exercised, could raise an additional $750 million, underscoring investor confidence in the strategic pivot. CEA Industries plans to allocate the funds primarily to purchase BNB tokens while maintaining its core operations in the vape products sector. This financial shift accompanies sweeping changes to the company’s leadership team. David Namdar, co-founder of Galaxy Digital, will assume the role of Chief Executive Officer, while Russell Read, former Chief Investment Officer of CalPERS, will step in as Chief Investment Officer. Under the newly branded 'BNB Network Company,' 10X Capital is set to oversee the BNB-focused treasury strategy. Additionally, the company announced a Nasdaq ticker change from 'VAPE' to 'BNC,' effective Wednesday, August 6. The market has responded enthusiastically to this strategic initiative, as evidenced by CEA Industries’ stock, which has surged over 600% since its July 28 announcement. This surge demonstrates growing investor optimism about integrating cryptocurrency as a treasury reserve asset. As of 18:15 UTC on August 5, Binance Coin (BNB) was trading at $752.89, with a 1.77% decline in its 24-hour trading volume.