Publicly available consumer product company CEA Industries has raised $500 million to buy Crypto for its balance sheet, but has not chosen Bitcoin or Ethereum. Instead, I chose BNBa token created by Cryptocurrency Exchange Binance.
And while the BNB chain, the fifth-largest crypto token by market capitalization and its underlying network, has similarly nurtured in ETH and Ethereum, CEA Industries CEO David Namdar believes it has evolved and grown independently. But he said Decryption That many investors are not aware of the coin.
“Many of them were really non-US stories. In particular, most investors in the western capital market are completely blocked,” Namdahl said. Decryption. “BNB really wasn't something people really paid enough attention or very careful, and I think it's part of the opportunity here and helps people understand everything and activities that are actually happening.”
The company announced details on Monday It could raise up to $1.25 billion To buy coins, BNB will hit the same day New record high price at $858. The news sent out stocks in CEA Industries traded through Nasdaq Exchange's ticker Vape, which rose over 700% at one point.
“I see it as a chain of the future,” Namdar said. “It could be a chain of opportunities for AI and robotics. There are many different things that BNB can bring to the table.”
The co-founder of Galaxy Digital said in his role as CEO of CEA Industries it is his responsibility to help people get to know BNB and its ecosystem.
“It's a bit of storytelling, helping people understand opportunities, helping people see potential growth and impact that growth,” he said.
Namdar is not the only one looking at possibilities in BNB. In May, analysts at Standard Chartered predicted that BNB prices would rise by more than 300% by 2028. It suggests that by then it could reach $2,775.
That multi-year time horizon coincides with that of Namdar's thinking, saying investors want to be here for “medium or long term,” adding that people with a mindset are “excited by the potential returns over time.”
Namdar is working to increase the value of CEA, including MNAV. In other words, market value is divided by asset value, a metric that is popularized by the Bitcoin Trejury Innovator Strategy. However, as mentioned above, he also hopes to support the growth of BNB's profile in the West and attract more investors. It helps define the success of the company, he said.
“If that understanding occurs, or if the process plays the way I want it and I hope I can be involved, I think CEA Industries can be very positive,” he said.
Vape's shares rose 30% to $40 on Tuesday, but have risen more than 338% over the past five days, according to Google Finance.
