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Ethereum $2,941.79 +0.40%
BNB $855.23 +1.73%
Optimism $0.28 +0.32%
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Solana $124.44 +1.20%
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Avalanche $12.67 +1.67%

Bitcoin $87,796.15 +0.42%
Ethereum $2,941.79 +0.40%
BNB $855.23 +1.73%
Optimism $0.28 +0.32%
Arbitrum $0.20 +2.39%
Solana $124.44 +1.20%
Polygon $0.22 +2.77%
Cosmos $2.09 +2.09%
Avalanche $12.67 +1.67%

CEA Industries Completes $500 Million Private Funding and Will Be Rebranded as BNB Network Company, Led by YZi Labs

CEA Industries (Nasdaq: VAPE) announced today that it has completed a $500 million private placement financing and will be renamed "BNB Network Company", with the stock code changing to "BNC" on August 6. The company plans to use the funds raised to purchase BNB as its main reserve asset.

This private placement was led by YZi Labs and attracted more than 140 institutions including Pantera Capital, Blockchain.com, etc. At the same time, the company appointed former Galaxy Digital co-founder David Namdar as CEO, and former Chief Information Officer of the California Public Employees' Retirement System (CalPERS) Russell Read as Chief Information Officer.

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CEA Industries Completes $500 Million Private Funding and Will Be Rebranded as BNB Network Company, Led by YZi Labs

All Comments

Recommended for you

Nexus Chain & Cointime to Host Industry AMA — Unpacking DeFi’s “Missing Layer”

BTC breaks through $89,000

Japanese listed company ANAP Holdings increased its holdings of Bitcoin by 127.73.

Monetizing Personal Data: How BeFlow Turns Every Purchase into a “Digital Asset”

Interest rate cut expectations are priced in at 75 basis points this year; BTC rises 3.77% this week; Altseason proceeds smoothly.

How to cope with the BTC cycle under the heavy pressure of the cyclical "curse"? (October 13-19)

Multiple positive factors have combined to temporarily stabilize BTC, but the predicament remains unresolved (October 20-26).

Passion is being curbed, and BTC is showing signs of a "bear market reversal".

BTC has fallen to its technical limit, and the bull market is hanging by a thread (November 3-9).

The Fed's hawkish stance triggered panic selling, pushing BTC into a technical bear market (November 10-17).

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