The $500M bet, in four steps.
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1THE ORIGIN
Indoor farms
CEA Industries took its name from Controlled Environment Agriculture: technology that controls the air, temperature and humidity inside indoor farms. A quiet Nasdaq small-cap that knew how to build the right environment for things to grow.
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2THE INVESTMENT
$500M from YZi Labs
YZi Labs, the investment arm of Binance founder CZ, led a $500 million private placement, with warrants that could bring it to over $1.25 billion. For a small Nasdaq company, it was a transformation.
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3THE TREASURY
BNB on the balance sheet
BNB became the company's main treasury reserve. The ticker changed to BNC, and the company became BNB Standard Corporation: a Nasdaq-listed company built on BNB.
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4ON-CHAIN
$BNCB
The stock came to BNB Chain as $BNCB, a Binance bStock backed 1:1 by real shares held by a U.S.-regulated broker-dealer. It tracks the price, pays dividends as extra tokens, and trades 24/7.