- CEA Industries raised 500 million dollars to fix its BNB-based treasury strategy and rebrand the business to BNC.
- 10X Capital, with new leadership, will carry out the role of the treasury, spurring the firm’s blockchain growth.
- More than 140 of the best investors participated in the agreement, which strengthened belief in the company’s BNB roadmap.
Louisville, CO CEA Industries has emerged into a significant transition when it received a $500M private placement directed by YZi Labs. The purchase adds to its strategic outlook as it plans to convert its mainstream use of BNB to its treasury reserve asset. Starting on August 6, 2025, the company shares will be characterized by a new symbol on NASDAQ: BNC, marking its entrance into the BNB Chain ecosystem.
The investment round’s common equity PIPE contains potential warrant proceeds of up to 750 million. This will propel CEA’s new identity as a BNB Network Company into an institutional investor’s blockchain-focused vehicle.
New Leadership to Guide Treasury Strategy
The transition will be made by the incoming CEO, David Namdar, one of the co-founders of Galaxy Digital and a senior partner at 10X Capital. According to him, the action was essential in establishing a transparent and secure BNB gateway to investors. Russell Read, former CIO of CalPERS and Deutsche Bank Asset Management, is coming on board as Chief Investment Officer. Outgoing CEO Tony McDonald will stay on as the President and a board member.
U.S.-listed CEA Industries Inc. has completed a $500M private placement led by YZi Labs to adopt BNB as its primary treasury reserve. The company may raise up to an additional $750M via warrants and will rebrand as BNB Network Company with ticker BNC on August 6. Former Galaxy…
— Wu Blockchain (@WuBlockchain) August 5, 2025
Namdar and Read are considered to have substantial institutional experience, and this quality fits in with the company’s vision to position itself as the most prominent U.S. publicly traded firm that engages in BNB as a digital treasury asset. Hans Thomas and Alexander Monje, new board members of 10X Capital, are also joining the company.
$500M PIPE Closes With Institutional Backing
More than 140 investors took up the stock offer in the private placement. They include well-known names such as Pantera Capital, Blockchain.com, Arrington Capital, GSR, and Rajeev Misra’s family office. Cantor Fitzgerald mediated the deal and was the only placement agent. It was represented legally by Winston & Strawn LLP and DLA Piper LLP (US).
The offering was a private offering under Section 4(a)(2) of the Securities Act and Regulation D, which implies that the shares are exempt from SEC immediate registration. Nevertheless, the company was willing to submit a resale registration statement for future compliance.
CEA Industries Eyes Largest BNB Reserve Status
The revenues will be used to acquire BNB and power the company’s treasury plan. CEA Industries adds that this move will make it the largest U.S.-listed company with a BNB position. The business assures that it will report on treasury holdings transparently and in accordance with the SEC and provide active input to the BNB ecosystem.
In addition to engaging in a blockchain pivot, CEA has solid fundamentals. Its stock has also gained 78.63% year-to-date, and it is almost touching the 52-week high. It has a dividend yield of 2.28 percent and a P/E ratio value of 8.77, which shows that it continues to be of interest to an institution and has the financial capability.
According to InvestingPro, the firm, which has a current market value of around $128.8 billion, recorded revenues of $59.5 billion in the last year. Analysts view this company’s momentum and balance sheet health as strong despite certain misgivings about overvaluation.
