YZi Labs Ends Proxy Fight With BNB Treasury Firm CEA Industries

YZi Labs has ended its proxy fight with CEA Industries after the Binance-linked investment firm reached a cooperation agreement with the BNB treasury company. The settlement sets up a leadership transition, with CEA's current CEO expected to step down and YZi Labs partner Alex Odagiu serving as interim president while the company searches for a new chief executive.

The development matters because CEA is part of a growing group of public companies built around digital asset treasury strategies. YZi Labs backed CEA's move into a BNB-focused treasury model in July 2025 with an investment of roughly $100 million, but later pushed for changes after disagreements over board oversight and execution.

As part of the agreement, YZi Labs head Ella Zhang and blockchain venture capitalist Matthew Roszak have been appointed to CEA's board. A person close to the settlement told CoinDesk that YZi Labs rejects the idea that the deal is a takeover, describing it instead as a governance reset intended to unlock shareholder value.

The market reacted positively around the announcement. CoinDesk reported that BNC shares closed 8.35% higher at $2.27 after the settlement was announced following Tuesday's market close, then rose nearly 20% further to $2.72 in pre-market trading on Wednesday at the time of publication.

YZi Labs' stated goal is to position CEA as a leading BNB treasury vehicle, similar to the role Strategy has played in bitcoin markets. The firm argues that CEA trades at a meaningful discount to the value of its BNB holdings and that governance reforms and a clearer operating strategy could help narrow that gap.