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

On December 5, CEA Industries—the treasury arm of BNB’s U.S.-listed entity BNC (NASDAQ: BNC)—responded to a statement from YZi Labs, clarifying that since its PIPE financing in July, BNC has never considered switching to a different token for its digital asset reserve strategy, nor has it launched a competing 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 its press release, it submitted a preliminary consent statement proposing to expand and restructure the board of directors. Currently, a majority of the board members are independent directors—complying with Nasdaq rules—and possess the knowledge and experience to effectively oversee operations and drive shareholder value. The board has directly reached out to YZi to establish an open dialogue about its concerns and potential solutions, and is reviewing the issues raised. Shareholders do not need to take any action at this time. Previously, BlockBeats reported that on December 3, YZi Labs sent a corrective notice to 10X Capital—BNC’s asset manager, often called the “BNB version of MicroStrategy”—and warned CEA Industries shareholders about 10X’s “destructive behavior.” If 10X continues delaying disclosures, exacerbating conflicts of interest, or mismanaging assets, shareholders face ongoing stock price decline risks. YZi demanded 10X take immediate corrective steps, including improving governance and committing to the promised BNB Treasury (DAT) strategy.