CEA Industries responds to YZi Labs: We have never considered choosing a different token

By: theblockbeats.news|2025/12/05 21:15:57

BlockBeats News, December 5th, CEA Industries, the treasury company of BNB (NASDAQ: BNC), responded to YZi Labs' statement, stating that since the PIPE financing in July, BNC has never considered choosing a different token for the company's digital asset reserve strategy, nor has it initiated a competitive DAT project.

As of December 4, 2025, the company holds 515,554 BNB tokens, with a market value of approximately $4.646 billion. Two days before YZi issued a press release, they had submitted a preliminary consent statement proposing to expand and restructure the board of directors. Currently, the majority of the board members are independent directors, in compliance with Nasdaq rules, and possess the knowledge and experience required to effectively oversee the company's operations and create value for shareholders. The company's board has directly contacted YZi to establish an open dialogue channel regarding YZi's concerns and potential solutions, and is reviewing the issues raised by YZi. At present, shareholders do not need to take any action.

Previously reported by BlockBeats, on December 3rd, YZi Labs issued a corrective notice to 10X Capital, the BNB version of MicroStrategy's BNC asset management, and warned CEA Industries, Inc. shareholders of the destructive behavior of 10X Capital (the company's asset manager). If 10X Capital continues to delay disclosure of information, exacerbate conflicts of interest, and mismanage, shareholders face the risk of a continued decline in the stock price. YZi Labs demanded that 10X Capital take immediate corrective actions, including improving governance structure and committing to implementing the promised BNB Treasury (DAT) strategy.

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