Latest news with #CEA
Forbes
7 hours ago
- Business
- Forbes
Up 6x, Is VAPE Stock The Next Big Crypto Treasury Play?
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 the next 12 to 24 months, CEA plans to scale its BNB holdings and generate income via staking, lending, and other revenue streams tied to the Binance ecosystem, which presently reaches over 280 million users. The move reflects a broader trend of corporate crypto adoption. In recent months, multiple companies have begun adding digital assets like Bitcoin and Ethereum to their treasuries, inspired by the high-profile strategy of players like MicroStrategy. CEA's decision to anchor its treasury in BNB marks a new development in this shift as BNB Chain is one of the most widely used blockchain ecosystems globally, but institutional access has remained limited. By creating a U.S.-listed BNB treasury vehicle, CEA and its partners are offering traditional investors a new way to tap into Binance's growing crypto infrastructure. Separately, Will Battery Tech Startup QuantumScape falter? QS Stock To $0?PARIS, FRANCE - FEBRUARY 16: In this photo illustration, a visual representation of digital ... More cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining extremely volatile. (Photo Illustration) Is VAPE Stock Attractive? So, do recent developments make VAPE stock attractive? Investors should remain cautious. Despite the excitement, VAPE's market cap stands at a mere $50 million, making it a micro-cap stock prone to higher volatility. It is also notable that retail investor enthusiasm played a key role in Monday's rally, with online forums and social media buzzing and traders piling in following the news. This might increase the probability that the stock could decline just as quickly as it went up. More generally, the crypto treasury strategy - where a significant portion of corporate reserves is held in cryptocurrencies - carries higher risk, and these stocks are more speculative compared to traditional companies. A decline in the core cryptocurrency's price or prolonged downturn can materially reduce the value of the company's crypto assets, posing financial risks. There are also regulatory and operational risks, including potential fraud, theft, or cyberattacks on wallets or custodial services. While you might do well to exercise caution with VAPE stock for now, the Trefis Reinforced Value (RV) Portfolio has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics.
CNBC
a day ago
- Business
- CNBC
MicroStrategy copycats are getting out of control as Canadian vape company joins fray
The crypto market's bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication. On Monday, a little-known Canadian vape company saw its stock surge on plans to enter the crypto treasury game – but this time with Binance Coin (BNB), the fourth largest cryptocurrency by market cap, excluding the dollar-pegged stablecoin Tether (USDT), according to CoinGecko. Shares of CEA Industries, which trades on the Nasdaq under the ticker VAPE, rocketed more than 800% at one point after the company announced its plans. 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. Given the more crypto-friendly regulatory environment this year, more public companies have adopted the MicroStrategy playbook of using debt financing and equity sales to buy bitcoin to hold on their balance sheet to try to increase shareholder returns, pushing bitcoin to new records. Now, with the S&P 500 trading at new records, the resurgence of meme mania and a pro-crypto White House supporting the crypto industry, investors are looking further out on the risk spectrum of crypto hoping for bigger gains. In recent months, investors have rotated out of bitcoin and into ether, which led to a burst of companies seeking a similar treasury strategy around ether. SharpLink Gaming, whose board is chaired by Ethereum co-founder Joe Lubin, was one of the first to make the move. Other companies like DeFi Development Corp, renamed from Janover, are making similar moves around Solana.
Yahoo
a day ago
- Business
- Yahoo
A little-known vape company is up 800% in a day after its crypto treasury play ignites a meme-like stock rally
CEA Industries stock is surging on an announcement that it plans to start piling up crypto. The wild 833% rally kicked off on Monday after the company announced it would amass BNB tokens. The surge is being helped by retail traders, who are talking the stock up online. A tiny nicotine vape company is going parabolic on Monday on a plan to be the latest firm to join in on the crypto treasury craze. CEA Industries, which produces nicotine vapes and primarily serves Canada's market, announced a strategic pivot Monday morning. A company statement said that CEA is taking steps to establish what will become the world's largest publicly traded BNB treasury. BNB is the native token of Binance, the world's biggest cryptocurrency exchange. As of Monday afternoon, the token is the fifth-largest crypto, with a market cap of $116.3 billion. CEA plans to fund the initiative through a Private Investment in Public Equity (PIPE) offering that could raise as much as $1.25 billion in gross proceeds. According to the statement, it "consists of a common equity PIPE delivering $500M in gross proceeds ($400M in cash and $100M in Crypto), plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement." "BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now. By creating a U.S.-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way. This is a significant step in bridging digital assets and mainstream capital markets ," the company's incoming CEO, David Namdar, said. Following the news, the stock ripped higher by as much as 833%, jumping from Friday's closing price of $8.88 to an intraday high of $82.88. The wild rally looks like a continuation of last week's meme stock madness, with shares of CEA boosted by bullish traders online. According to the retail trader forum Stocktwits, mentions of the company on the site were up 12,000% on Monday, with sentiment spiking to "extremely bullish." But there's also more news driving the stock higher compared to the moves in the DORKs last week, which surged despite no updates from the companies. Crypto treasuries have been in focus this year, with numerous companies announcing plans to start hoarding cryptocurrencies like bitcoin and ethereum in corporate treasuries. The list includes Trump Media & Technology Group, which recently made a large bitcoin and related securities purchase. Corporations appear to be aiming to replicate the success of Strategy, which has been amassing vast amounts of bitcoin on its balance sheet since 2020, helping send the stock to dizzying heights in recent years. One of the market's largest tokens by market cap, BNB is likely sparking similar enthusiasm, as investors hunt for the next big crypto treasury play. CEA's statement says that it will provide the treasury with "opportunities to generate income and rewards on the BNB Chain and Binance ecosystem." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
a day ago
- Business
- Business Insider
A little-known vape company is up 800% in a day after its crypto treasury play ignites a meme-like stock rally
A tiny nicotine vape company is going parabolic on Monday on a plan to be the latest firm to join in on the crypto treasury craze. CEA Industries, which produces nicotine vapes and primarily serves Canada's market, announced a strategic pivot Monday morning. A company statement said that CEA is taking steps to establish what will become the world's largest publicly traded BNB treasury. BNB is the native token of Binance, the world's biggest cryptocurrency exchange. As of Monday afternoon, the token is the fifth-largest crypto, with a market cap of $116.3 billion. CEA plans to fund the initiative through a Private Investment in Public Equity (PIPE) offering that could raise as much as $1.25 billion in gross proceeds. According to the statement, it "consists of a common equity PIPE delivering $500M in gross proceeds ($400M in cash and $100M in Crypto), plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement." "BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now. By creating a U.S.-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way. This is a significant step in bridging digital assets and mainstream capital markets ," the company's incoming CEO, David Namdar, said. Following the news, the stock ripped higher by as much as 833%, jumping from Friday's closing price of $8.88 to an intraday high of $82.88. The wild rally looks like a continuation of last week's meme stock madness, with shares of CEA boosted by bullish traders online. According to the retail trader forum Stocktwits, mentions of the company on the site were up 12,000% on Monday, with sentiment spiking to "extremely bullish." But there's also more news driving the stock higher compared to the moves in the DORKs last week, which surged despite no updates from the companies. Crypto treasuries have been in focus this year, with numerous companies announcing plans to start hoarding cryptocurrencies like bitcoin and ethereum in corporate treasuries. The list includes Trump Media & Technology Group, which recently made a large bitcoin and related securities purchase. Corporations appear to be aiming to replicate the success of Strategy, which has been amassing vast amounts of bitcoin on its balance sheet since 2020, helping send the stock to dizzying heights in recent years. One of the market's largest tokens by market cap, BNB is likely sparking similar enthusiasm, as investors hunt for the next big crypto treasury play. CEA's statement says that it will provide the treasury with "opportunities to generate income and rewards on the BNB Chain and Binance ecosystem."
Mint
4 days ago
- Business
- Mint
Govt races to build transmission firms amid push to meet 2030 clean energy goal
New Delhi: The government has accelerated efforts to upgrade India's electricity transmission backbone, which had been slacking amid a growing need to integrate the country's rapidly expanding green power capacity to the grid. In the first half of 2025, more than 30 power sector firms—mostly transmission companies and infrastructure investment trusts—were incorporated, ministry of corporate affairs data show. The number of power sector enterprises established this year by the Union government jumped from two in February to 10 in June. India has made rapid progress in adding renewable power capacity—its non-fossil fuel capacity of 242.8 GW accounts for about half of the total installed capacity of 484.8 GW—but the transmission infrastructure has not kept pace. India is targeting 500 GW of clean energy capacity by 2030. A wider and robust transmission network is required also because the addition of renewable power such as solar and wind energy increases chances of grid instability and largescale power outages as these are intermittent sources of power. In 2024-25, 8,830 circuit kilometres (ckm) of transmission network was added, nearly 38% lower than the 14,203 ckm added in FY24, show data from the Central Electricity Authority (CEA). But in the first two months of this fiscal year (April-May), transmission capacity addition has gained pace—with 620 ckm of transmission lines added, up from 391 ckm in the same year-ago period. Overall, India currently has a power transmission network of 495,405 ckm, and as per the National Electricity Plan. An additional 191,000 ckm of transmission lines would be required by 2031-32. According to the National Electricity Plan for transmission released by the CEA in October, this will require a cumulative investment of ₹9.15 trillion in India's power transmission sector to ensure steady power supply as well as add battery storage capacity. The plan entails integration of 10 GW of offshore wind capacity, 47 GW of battery energy storage systems, and 30 GW of pumped storage plants. Additional transmission capacity would also cater to the needs of green hydrogen and green ammonia manufacturing hubs. As India's transmission capacity addition gains pace, the focus will shift from inter-state transmission systems to intra-state transmission systems, leading to greater role of state agencies and companies, said Alok Kumar, former secretary in the Union ministry of power. As the 100% waiver of ISTS (inter-state transmission system) charges for renewable energy ended in June, and there would be a gradual decline in the waiver, the focus would now be more on the intra-state transmission and expansion at the state-level," he said. Inter-state transmission system charges are fees payable by developers to transmit electricity from one state to another. Renewable energy projects completed by 30 June are being offered a 100% waiver in ISTS charges for 25 years. Developers who complete their projects on or before 30 June 2026 will be offered a 75% waiver for 25 years, and projects commissioned by 30 June 2028 will get a 25% waiver. Projects that remain incomplete beyond 30 June 2028 will not be offered any waiver. More power to state-run projects State-run power sector companies are allowed to spend ₹85,838 crore towards capital and operational expenditure this financial year, about 21% more than in FY25, Union Budget documents show. This includes debt and internal resources. The parent entities behind the 10 state-run power enterprises established this year include NLC India Renewables Ltd, which is the green energy arm of NLC India Ltd; NTPC Green Energy Ltd, a subsidiary of NTPC Ltd; Power Finance Corp.; Coal India Ltd; and Gail India Ltd, show data from the ministry of corporate affairs. In addition, PFC Consulting Ltd, a subsidiary of Power Finance Corp., set up multiple transmission projects, including Wagdari Transmission Ltd and Saswad Transmission Ltd. REC Power Development and Consultancy Ltd, a unit of state-owned REC Ltd, established special purpose vehicles Rajgarh Neemuch Power Transmission Ltd, Ananthapuram II Power Transmission Ltd, and Davanagere Power Transmission Ltd to step up India's power transmission capacity. Earlier this month, the Cabinet Committee on Economic Affairs approved a special exemption for NLC India Ltd to invest ₹7,000 crore in NLC India Renewables Ltd. NIRL, in turn, would invest in various projects directly or through the formation of joint ventures without having to obtain approval. This investment is exempted from the 30% net worth ceiling stipulated by the Department of Public Enterprises for overall investment by central public sector companies in joint ventures and subsidiaries, allowing NLC India Ltd and NIRL greater operational and financial flexibility. The exemptions aim to support NLC India Ltd's ambitious target of developing 10.11 GW of renewable energy capacity by 2030 and expanding this to 32 GW by 2047. NIRL Assam Renewables Ltd and NIRL Rajasthan Renewables Ltd, which were established in May and June, respectively, are focused on solar, wind, and hybrid renewable energy projects. NTPC-Mahapreit Green Energy Ltd, established in April, will focuson the development, operation, and maintenance of renewable energy parks, including ultra mega renewable energy power parks and other renewable energy projects in Maharashtra. These will comprise solar, wind, and hybrid technologies, with or without energy storage solutions, and have a cumulative capacity of up to 10 GW. NTPC-Mahapreit is a 74:26 joint venture between NTPC Green Energy and Mahatma Phule Renewable Energy and Infrastructure Technology Ltd.
