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10x Research Market Updates

Is CZ making a hostile bid for BNB Treasury Company CEA Industries?

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10x Research
Dec 02, 2025
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Is CZ making a hostile bid for BNB Treasury Company CEA Industries?

Last Friday, we noted that as BNB was triggering a new bullish trend signal, its treasury company BNC (CEA Industries) could benefit as well (report here). The stock jumped 20% after our report and, following Monday’s broader crypto downturn, has since given back about half of those gains. Despite the crypto bear market overall, our view is driven by the potentially superior yield opportunity available to BNB holders and by BNB’s close alignment with the growth of active addresses—growth we’ve modeled over the next one to two years. If that trajectory plays out, BNB should appreciate, and BNC, as its treasury proxy, should also perform well.

We’ve attached both the article and our full report below.

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