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Up 6x, Is VAPE Stock The Next Big Crypto Treasury Play?
Forbes· 2025-07-29 13:30
CEA Industries (NASDAQ:VAPE) stock soared more than 6x on Monday after the Canadian vape-maker announced a dramatic pivot into the cryptocurrency space. The company revealed a $500 million private investment in public equity (PIPE) deal with fintech firms 10X Capital and YZi Labs, including $400 million in cash and $100 million worth of Binance’s cryptocurrency (BNB). The aim is to transform CEA into the world’s largest publicly listed holder of BNB, the fourth-largest cryptocurrency by market value. Over t ...