CEA Industries and 10X Capital, with the support of YZi Labs (formerly Binance Labs), announced a private placement of shares (PIPE) amounting to $500 million, as well as warrants for $750 million. The funds raised will be directed towards creating the 'largest in the world' $BNB -reserve with a stock market exit.

It is noted that YZi Labs and 10X Capital announced plans to establish a treasury management company for BNB in early July 2025. At what stage the agricultural firm CEA Industries Inc. joined them is unknown.

In an official release, the parties announced the placement of shares among institutional investors, the so-called PIPE offering, for a total of $500 million. At the same time, part of the funds — $100 million — was received in crypto assets.

If the warrants, i.e., the rights to purchase shares, are executed, an additional $750 million will bring the total amount of raised financing to $1.25 billion. Approximately 140 investors participated in the deal, according to the release. It is expected to close by July 31, 2025.