Nasdaq-Listed CEA Industries To Raise Up To $1.25B For BNB Treasury

Nasdaq-listed CEA Industries has raised $500 million to float the largest corporate BNB Treasury. The capital raise can reach highs of $1.25 billion with a broad array of investors indicating interest in the PIPE.

CEA Industries To Launch BNB Treasury

According to a press release, CEA Industries is the latest firm to announce plans to transition to a crypto treasury company, angling to bolster its balance sheet with BNB. Per the announcement, the Nasdaq-listed company confirmed an upsized private investment in public equity (PIPE), which saw CEA Industries trade in a portion of its shares.

The common equity PIPE led by YZi Labs raised $500 million in gross proceeds for CEA Industries. Out of the sum, $400 million came in as cash, while $100 million was in digital assets. Furthermore, CEA Industries can receive an additional $750 million in cash from exercised warrants, potentially bringing the total raise to $1.25 billion.

With the deal expected to close on July 31, the company disclosed that the raise will be used to accumulate BNB on its balance sheet to become the largest BNB treasury holder. Early in the week, BNB hit a new ATH of $859 in a meteoric rally driven by rising institutional interest. Meanwhile, TradingView data indicated that CEA Industries stock has spiked 717% over the last day to trade at $72.51.

Right off the bat, Galaxy Digital co-founder David Namdar will serve as company CEO, while Russell Read will take on the role of CIO. 10X Capital and YZi Labs will be asset managers of the CEA Industries’ BNB treasury strategy, with 140 institutions participating in the PIPE.

“BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now,” said incoming CEO David Namdar. “By creating a US-listed treasury vehicle, we are opening the door for  traditional investors to participate in a transparent way.”

🚨$BNB is entering U.S. public markets at institutional scale.

CEA Industries (NASDAQ: VAPE) is positioning itself to establish the largest publicly listed BNB Chain digital asset treasury strategy — led by @10XCapitalUSA with YZi Labs’ support.

Here’s why this matters 🧵👇 https://t.co/PiG45t5KSI

— YZi Labs (@yzilabs) July 28, 2025

Meanwhile, CEA Industries will face stiff competition in its quest to set up the largest BNB treasury as the local ecosystem heats up. In mid-July, Nasdaq-listed Windtree launched a BNB Treasury with a $200 million investment to join Nano Labs in the scramble to accumulate the cryptocurrency.

Amid the push, Nasdaq-listed BNB Treasuries reached $1.52 billion on the back of heightened institutional investment.

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.