CEA, along with investment firm 10X Capital and YZi Labs, said it would offer a $500 million private placement to raise proceeds to buy Binance Coin for its corporate treasury. Shares ended the session up nearly 550%, giving the company a market cap of about $48 million.
Instead of BTC or ETH for the first time we are seeing a company go with Binance Coin(BNB) chosen to be the company treasury. Not sure how this one will play out as I often forget about BNB since I live in the US but…