BlockBeats News, September 8 - According to BIT (bit.com) market data, U.S.-listed BNB treasury company BNC (CEA Industries) saw its pre-market gains narrow to 70%, with the pre-market price last reported at $5.90, and a current market cap of approximately $240 million.
Additionally, as of April 30, 2026, it disclosed holdings of 515,500 BNB, worth approximately $390 million. A company with a market cap of around $240 million holds asset value far exceeding its market capitalization.
Furthermore, from December 2025 to June 2026, a conflict erupted among YZi Labs, the company's asset manager 10X Capital, and the board of directors: YZi accused the other parties of deviating from the BNB strategy, governance failures, and conflicts of interest, launching a consent solicitation that was once dubbed externally as a "boardroom coup to take over BNC's board." By June 23-24, 2026, both sides signed a cooperation agreement to formally end the proxy fight. Three new directors were brought in, with YZi partner Alex Odagiu appointed as interim president, and YZi withdrew its consent solicitation. To outside observers, this was a "reconciliation."
For more coverage, see "The Short-Squeeze Narrative Moves to the BNB Chain: What's the Logic Behind the Surging 4Stock"

