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US Stock Movement | Aiming to create the world's largest publicly traded BNB vault company CEA Industries ( VAPE.US ) up over 620%
CEA Industries stated that the transaction is expected to be completed around this Thursday, and upon completion, the company will officially launch its BNB acquisition plan. BNB is one of the top four cryptocurrencies by market capitalization, currently valued at over $100 billion. The company's move aims to build a strategic digital asset treasury to support future explorations in decentralized finance (DeFi) revenue.
In addition to BNB investments, the company also plans to explore more DeFi-related yield opportunities, including crypto asset staking, lending, and other areas, while maintaining a conservative risk management strategy, in order to improve the yield and stability of the treasury assets.
The company revealed in the announcement that this treasury strategy will be jointly led by the incoming CEO David Namdar, Chief Investment Officer Russell Read, and executive Saad Naja. At the same time, the well-known investment firm 10X Capital will serve as the asset manager for the treasury strategy and will receive support from the blockchain technology company YZiLabs to assist the company in formulating scientific and robust investment strategies in the rapidly changing digital finance sector.
Industry analysts point out that CEA Industries' strategic transformation marks a further deepening of the integration between crypto assets and traditional capital markets, and also signals that more companies may follow its "crypto treasury" model to enhance their competitiveness in the Web3 era. $BNB
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