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CEA Industries Stock – Shares of Canadian vape company CEA Industries Inc. (VAPE) soared nearly 550% on Monday, closing at $57.59 after announcing plans to become the largest publicly traded BNB treasury company in the US. This represents a stunning jump from last Friday’s close of $8.88. Despite a slight after-hours dip to $53.61, the market buzz around CEA’s bold strategy remains strong.
$1.25 Billion Plan to Buy BNB and Expand Treasury
CEA Industries revealed it intends to raise up to $1.25 billion, including a $500 million share sale to private investors and $750 million in cash from exercised warrants, to build its BNB holdings. The company’s partnership with investment firm 10X Capital and YZi Labs — linked to Binance co-founder Changpeng Zhao — aims to open new institutional and retail access points to the BNB Chain ecosystem.
“By creating a U.S.-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way,” said David Namdar, incoming CEO of CEA and senior partner at 10X Capital. He emphasized the global reach of BNB Chain and the historically limited institutional access.
Management Shakeup and New Market Moves
In a significant shakeup, many executives from 10X Capital will assume leadership roles at CEA Industries. Alongside Namdar as CEO, Russell Read, 10X Capital’s Chief Investment Officer, will take a similar role at CEA, joined by former Kraken product director Saad Naja.
CEA Industries, known for its recent acquisition of vape retailer Fat Panda in Canada, is now pivoting heavily toward crypto. The firm plans to increase its BNB holdings over the next two years using market offerings and other strategies, while also seeking to generate revenue through staking and lending.
BNB Token and Binance Connection
BNB, launched by Binance in 2017, remains deeply tied to the exchange ecosystem, with founder Changpeng Zhao reportedly holding over 98% of his crypto portfolio in BNB. Despite regulatory challenges facing Zhao, Binance continues to be a major player offering incentives to BNB holders.
Currently trading just under $830 after hitting an all-time high above $858, BNB’s performance will be closely watched as CEA Industries ramps up its treasury strategy.
