CEA Industries Inc. Is raising 500 million USD through a private investment in public equity (PIPE) to establish a significant BNB treasury in the U.S., composed of 400 million USD in cash and 100 million USD in cryptocurrency.
This venture boasts support from over 140 investors, including prominent firms like Pantera Capital and Blockchain.com, aiming to provide investors regulated access to BNB, enhancing their portfolio in the growing digital asset space.
To spearhead this initiative, CEA has appointed David Namdar as CEO, along with a new executive team, indicating a strong commitment to integrating traditional finance with cryptocurrencies and driving institutional interest in BNB.
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