YZi Labs Ends Boardroom Battle With BNB Treasury Firm CEA Industries

YZi Labs has entered a cooperation agreement with BNB treasury company CEA Industries following a push to shake up the firm’s leadership and governance structure.

The Binance linked investment firm originally backed CEA’s pivot into a BNB-focused treasury company in July 2025, putting in close to $100 million. Things turned sour when the two sides clashed over how the board was being run and how the business was being executed.

Leadership Is Changing at the Top

CEA’s current CEO is expected to step down as part of the settlement. YZi partner Alex Odagiu will take over as interim president while a search for a permanent CEO gets underway. Ella Zhang, who heads YZi Labs, and blockchain venture capitalist Matthew Roszak have both been brought on as directors at CEA.

Stock Jumped on the News

The deal was announced after markets closed Tuesday. BNC finished the day up 8.35% at $2.27, then climbed nearly 20% more in pre market Wednesday trading, hitting $2.7 at time of writing.

Not a Takeover — A Reset, YZi Says

People close to the deal pushed back on any suggestion this is a takeover, describing it instead as a governance reset meant to unlock shareholder value. The firm also made clear that Binance founder Changpeng Zhao played no part in any of this.

YZi’s bigger ambition is to turn CEA into the BNB version of what Strategy is for Bitcoin a major treasury vehicle. The firm believes CEA shares are currently trading well below the actual value of its BNB holdings, and that better governance and a clearer strategy can fix that gap.