VAPE Stock Explodes 700% on $500M BNB Treasury Strategy Announcement
CEA Industries shares skyrocketed over 700% after announcing a $500 million
$BNB treasury plan.
The Canadian firm is raising funds through a PIPE offering, with potential for $1.25 billion total via warrant exercises.
10X Capital and #YZiLabs are collaborating on the initiative to create institutional access to
$BNB.
The company will begin purchases on July 31 and scale holdings over 12-24 months using proven strategies.
CEA Industries operates in the Canadian vape market and recently adopted the VAPE ticker.
$BNB hit a new all-time high of $858.34 on Monday, outperforming other major cryptocurrencies.
This follows similar #BNB treasury announcements from Nano Labs and Windtree Therapeutics in recent weeks.