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CEA, along with investment firm 10X Capital and YZi Labs, said it would offer a $500 million private placement to raise proceeds to buy Binance Coin for its corporate treasury. Shares ended the session up nearly 550%, giving the company a market cap of about $48 million.

Instead of BTC or ETH for the first time we are seeing a company go with Binance Coin(BNB) chosen to be the company treasury. Not sure how this one will play out as I often forget about BNB since I live in the US but…

lol, WHAT

my god, we're fucked

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I mean it seems like meme stocks 2.0…. It’s the newest thing

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Here we go.

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I think it’ll go the way of when companies changed their name to blockchain or crypto and it cause spikes and then crashes…

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12 sats \ 2 replies \ @Car 29 Jul

🤡🌎

I hate being right all the time.

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Hard being you, eh

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0 sats \ 0 replies \ @Car 29 Jul

Harder for you covering this 💩

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OMG 😆

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