BNC Pre-Market Valuation Reaches $240M, Holds $390M in BNB Assets

ME News reports that, as of September 8 (UTC+8), according to BIT (bit.com) market data, the pre-market gain of BNC (CEA Industries), the U.S.-listed BNB treasury company, has retreated to 70%, with a pre-market price of $5.90 and a current market capitalization of approximately $240 million. Additionally, as of April 30, 2026, the company disclosed holding 515,500 BNB, equivalent to approximately $390 million. A company with a market cap of $240 million holds assets significantly exceeding its valuation. Furthermore, from December 2025 to June 2026, a conflict erupted between YZi Labs, the company’s asset manager 10X Capital, and the board: YZi accused the others of deviating from the BNB strategy, poor governance, and conflicts of interest, and initiated a proxy solicitation, which was externally described as an “attempt to oust the BNC board.” On June 23–24, 2026, both parties signed a cooperation agreement to formally end the proxy battle. Three new directors were appointed, including Alex Odagiu, a partner at YZi, who became interim president; YZi withdrew its proxy solicitation. To outside observers, this amounted to a “resolution.” For further coverage, see “The Short Squeeze Narrative Reaches BNB Chain: What’s the Logic Behind the Surge in 4Stock?” (Source: BlockBeats)