HALLUCINATING 😱!!! a company raising funds to buy
#BNB ...
The
#CEA Industries, listed on Nasdaq, closes a fundraising of 500 million dollars to finance BNB's cash strategy...
The offering, led by Yzi Labs, generated 500 million dollars in gross proceeds and includes warrants that could provide up to 750 million dollars more in cash if fully exercised.
Furthermore, the company indicated that it will change its name to 'BNB Network Company' and its ticker symbol on Nasdaq from VAPE to
#BNC on August 6, 2025. In a statement, the company said that the new symbol better reflects its new strategic focus on BNB as the primary cash reserve asset. Commenting on this change, David Namdar, the new CEO of CEA Industries, said:
'Our new ticker BNC reflects a strategic realignment with the BNB Chain ecosystem and a clear commitment to cash growth. This is the first step in building a world-class, institutional-level vehicle that provides investors with transparent and secure access to one of the most active blockchain networks in the world.'
According to the statement, the net proceeds from the offering will be used to purchase BNB, allowing the company to adopt the
#BNB as its primary cash reserve asset while continuing its core business operations.
thank you investors ...
VERY Bullish