The nicotine industry-focused company has announced that it will allocate $500 million to purchase BNB, the Binance Digital Asset. The operation is part of this cryptocurrency-focused financial strategy, marking the beginning of a new institutional stage for the company.
This is the US CEA industry focused on the Canadian Vapeo sector, which has closed private placement of common stock, led by YZI Labs Firm, and achieved a massive infusion of capital.
In addition to US$500 million, the operations include up to US$750 million. warrant It is included in the contract. This fund will be used to acquire the BNB and employ the assets as a major Treasury Reserve. Without affecting the company’s normal commercial activities.
“There’s a BNB chain network and a strategic reorganization,” said David Namdar, CEO and co-founder of the new Galaxy Digital company. According to Namdar, this step is part of our commitment to creating an institutional structure that provides transparent and secure access to one of the most active ecosystems in the Bitcoin industry.
The business included financial support from Cantor Fitzgerald, Clear Street and Cohen & Company Capital Markets. With regard to legal advice, Winston & Strawn LLP, DLA Piper, and Plate legal teams intervened.
Over 140 investors participated in the placement. Among them are the Family Funds of Panther Capital, GSR, Blockchain.com, Arrington Capital, Hypersphere Capital, Kenetic, DAO5, Protocol Ventures, Exodus Point, and Rajeev Misra. The founders of Bitfury also joined in addition to Nano Labs and the G-20 group.
Along with BNB Investment, the company announced its stock market symbol at Nasdaq, formerly known as Vape. Starting today, August 6th Their actions will be quoted under BNC tickets and warrants under bncww will be quoted.
Last week, CEA Industries shares registered an explosive 560% increase, handing over $8.88 to $57.5 based on the company’s interest in hiring BNB as a Treasury asset. However, after reaching its peak, the action collapsed 70%, passing to the current US$17.7, as seen in the following graph.
Changes in the context of CEA Industries Other companies have also started accumulating BNB as a reserve asset. For example, as reported by Cryptonoticias, in June 2025, Nano Labs issued debts for $500 million, raising funds for 400 Bitcoin and 120,000 BNB purchases totaling $160 million.
