CEA Industries Inc. (NASDAQ:VAPE), together with partner 10X Capital and backing from YZi Labs, announced the pricing of an oversubscribed, above‑market PIPE financing that will fund its plan to become the largest publicly traded Binance coin ($BNB) treasury firm in the United States.
It includes $500 million private placement (including $100 million in crypto and $400 in cash).
CEA Industries Inc. may receive an additional $750 million in cash with the help of exercised warrants via private placement
The deal brings Binance Coin ($BNB), a top‑four digital asset with over $118 billion in market cap, into U.S. public markets at an institutional scale.
CEA Industries (NASDAQ: VAPE) Stock Rises by 600%
The announcement has shown a positive side to the VAPE stocks, which have risen 500%.
The stock opened by gaining over 500% moving from $8.8 to $63 in a single day.
The staggering price rise is driven by the company raising $100 million to invest in a Binance Coin ($BNB) treasury strategy and $400 million into other private placementsinvestments.
Oversubscribed PIPE Financing
The PIPE saw high interest from more than 140 international investors, with top-tier players like Pantera Capital, Arche Capital, and BitFury founders, to name a few.
The funding round is a huge improvement from the original July reveal, raising capital to establish a dedicated treasury vehicle for BNB.
With this funding secured, the company will invest capital to purchase BNB tokens, providing institutional and retail investors with a transparent solution to access the BNB Chain ecosystem.
Leadership and Expertise
CEA Industries intends to strengthen its management team through the hiring of veteran executives. New CEO David Namdar, co-founder of Galaxy Digital and 10X Capital senior partner, will guide the company’s strategic path.
Russell Read, new CIO and former CalPERS and Deutsche Bank global head of asset management, will oversee treasury strategy.
Also Read: Binance Coin $BNB Price Surges to a Record $801 All-Time High, What’s Next?
Saad Naja, who has served as Kraken director and Exinity board member, will also be added to the ranks. The combination of crypto native and legacy finance backgrounds is intended to provide strong governance and oversight.
Institutional Demand Drives Growth
The PIPE round underscores a growing appetite for dedicated blockchain exposure. Investors in the deal ranged from crypto‑native funds to family offices such as Olaf Carlson Wee’s and Rajeev Misra’s.
Their participation reflects belief in BNB’s fundamentals rather than short‑term speculation. By creating a U.S.‑listed vehicle, CEA Industries opens the door for mainstream capital to tap into one of the fastest‑growing Layer‑1 networks, which supports millions of users and decentralised applications worldwide.
BNB Treasury Strategy and Outlook
CEA Industries will start constructing its first BNB holdings. The firm aims to grow its position over the next 12 to 24 months with an aggressive capital markets program that could potentially involve at‑the‑market issuances.
It will also look into staking, lending, and other areas of the Binance ecosystem to earn revenue while maintaining risk firmly in hand.
This two-pronged strategy of asset build-up and income generation is meant to provide long‑term shareholder value.
This funding milestone not only solidifies CEA Industries as the first in BNB treasury assets but also underscores the maturity between digital assets and mainstream markets.
Also Read: Nasdaq-Listed Windtree Therapeutics Plans $520 Million Fundraising To Expand Its BNB Treasury