BNB explores new high-side price zone as treasury announcements roll in
The post BNB explores new high-side price zone as treasury announcements roll in appeared on BitcoinEthereumNews.com. BNB rallied above $850, entering a price discovery zone. The asset responded to its growing list of treasury companies. BNB, the native token of BNB Smart Chain, peaked at $858.34, with trading volumes jumping to $3.7B. The token has climbed relentlessly in the past month, starting its rally at around $646. BNB rallied to a peak above $850, following a series of treasury announcements. | Source: Coingecko The asset got a boost from decentralized trading, but the latest near-vertical climb followed the announcement of a series of treasuries. BNB retains its underlying bullish factors, including a growing user base and increased transaction volumes. Unlike the unaided BTC and ETH treasuries, the BNB ecosystem gets support from Yzi Labs, Binance’s investment arm. The recent BNB price rally followed the announcement of CEA Industries (VAPE), aiming to raise up to $1.25B to buy the token. Liminatus Pharma (LIMN) also revealed plans for a $500M treasury. CEA Industries plans to become the biggest public company with a BNB treasury One of the biggest treasuries announced is the upcoming purchase of CEA Industries (VAPE), a Nasdaq-listed company. The fundraising for the treasury is done with the assistance of 10X Capital, as well as the leadership of Yzi Labs. The PIPE fundraising effort has drawn in 140 subscribers, including Yzi Labs, Pantera Capital, as well as the founders of BitFury. CEA Industries will raise funds through a Private Investment in Public Equity (PIPE), expecting to raise $400M in cash and $100M in crypto. Up to $750M in cash may be received from exercised warrants. The fundraising efforts for the treasury may depend on both crypto and stock market conditions. Following the announcement, VAPE shares also went vertical, rising from the $8 range up to a one-year high of $61.63. VAPE went vertical after the announcement…
The post BNB explores new high-side price zone as treasury announcements roll in appeared on BitcoinEthereumNews.com.
BNB rallied above $850, entering a price discovery zone. The asset responded to its growing list of treasury companies. BNB, the native token of BNB Smart Chain, peaked at $858.34, with trading volumes jumping to $3.7B. The token has climbed relentlessly in the past month, starting its rally at around $646. BNB rallied to a peak above $850, following a series of treasury announcements. | Source: Coingecko The asset got a boost from decentralized trading, but the latest near-vertical climb followed the announcement of a series of treasuries. BNB retains its underlying bullish factors, including a growing user base and increased transaction volumes. Unlike the unaided BTC and ETH treasuries, the BNB ecosystem gets support from Yzi Labs, Binance’s investment arm. The recent BNB price rally followed the announcement of CEA Industries (VAPE), aiming to raise up to $1.25B to buy the token. Liminatus Pharma (LIMN) also revealed plans for a $500M treasury. CEA Industries plans to become the biggest public company with a BNB treasury One of the biggest treasuries announced is the upcoming purchase of CEA Industries (VAPE), a Nasdaq-listed company. The fundraising for the treasury is done with the assistance of 10X Capital, as well as the leadership of Yzi Labs. The PIPE fundraising effort has drawn in 140 subscribers, including Yzi Labs, Pantera Capital, as well as the founders of BitFury. CEA Industries will raise funds through a Private Investment in Public Equity (PIPE), expecting to raise $400M in cash and $100M in crypto. Up to $750M in cash may be received from exercised warrants. The fundraising efforts for the treasury may depend on both crypto and stock market conditions. Following the announcement, VAPE shares also went vertical, rising from the $8 range up to a one-year high of $61.63. VAPE went vertical after the announcement…
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