Largest Publicly-Listed BNB Treasury To Launch In The US With $500 Million Raise

Vape company CEA Industries and venture capital firm 10X Capital, supported by YZi Labs (formerly Binance Labs), have announced a $500 million private placement aimed at establishing the largest publicly listed Binance Coin (BNB) treasury company. New BNB Treasury Strategy The offering comprises a common equity Private Investment in Public Equity (PIPE), which will generate $500 million in gross proceeds—$400 million in cash and $100 million in cryptocurrency. According to Monday’s announcement, the funds raised will be primarily directed toward developing a crypto treasury strategy focused on the BNB Chain. Related Reading: $120K Bitcoin In Sight: 90-Day US–China Tariff Truce Fuels Market Optimism Leading the new BNB treasury strategy will be incoming CEO David Namdar, a co-founder of Galaxy Digital and a senior partner at 10X Capital, alongside incoming Chief Investment Officer Russell source: https://www.newsbtc.com/analysis/bnb/largest-publicly-listed-bnb-treasury-to-launch-in-the-us-with-500-million-raise/