VAPE Stock Surges Over 610% as BNB Hits All Time High

July 28, 2025, marked a turning point in the convergence of crypto and traditional finance. On the same day that BNB surged to a record-breaking $861—an astonishing 5700x gain from its 2017 launch price—a little-known e-cigarette company named VAPE(NASDAQ: VAPE) sent shockwaves through Wall Street by formally launching a BNB-based treasury strategy. Its Nasdaq debut ended with a 610% rally, catching the attention of both crypto insiders and institutional investors alike.

What drove this explosive momentum? And why is BNB suddenly becoming the go-to asset for corporate treasuries?

BNB’s Price Surge to $861 – Breaking Records and Analyzing the Drivers

On July 28, BNB reached an unprecedented price of $861 per token, marking a new milestone in its journey since its launch in 2017. From an initial price of just $0.15, the token has grown over 5700x, becoming one of the most significant assets in the crypto market. While Bitcoin is celebrated as a store of value and Ethereum dominates the smart contract space, BNB is carving out a unique path that combines usability, financial attributes, and a massive user base.

BNB Chain’s Transformation: Practicality at Its Core

BNB Chain has always been characterized by its pragmatic approach to blockchain development. Unlike other blockchain projects that rely heavily on narratives or speculative hype, BNB’s development trajectory has focused on continuous optimization to address real-world needs. Over the past year, two major network upgrades have silently revolutionized its foundational performance.

1. The Lorentz Hard Fork: Launched in late 2024, the Lorentz upgrade reduced block time to 0.75 seconds, while transaction confirmation time dropped to 1.875 seconds. These improvements enabled the network to handle peak daily transaction volumes of up to 17.6 million, showcasing its ability to scale efficiently.

2. The Maxwell Upgrade: Introduced in 2025, the Maxwell upgrade not only optimized performance further but also reduced on-chain transaction fees to approximately $0.01 per transaction—comparable to centralized exchanges. This low-cost environment has made BNB Chain particularly attractive for high-frequency DeFi applications and payment solutions.

These advancements have directly enhanced user experience, making on-chain transfers, interactions, and deployments faster and more predictable. For applications like DeFi and cross-border payments, where responsiveness and cost-efficiency are critical, these upgrades have been transformative.

A Future Roadmap Focused on Performance

BNB Chain’s 2025 roadmap outlines ambitious goals for the next 18 months, including:

• Increasing block gas limits to 1 billion to support more complex on-chain operations.

• Compressing confirmation times to 150 milliseconds, approaching traditional payment system standards.

• Launching a Rust client to enrich the developer ecosystem.

• Introducing the "Super Instructions" mechanism to optimize smart contract execution efficiency.

These initiatives reflect a clear vision: to make blockchain interactions genuinely viable for financial services, particularly in areas like cross-border payments, micro-clearing, and on-chain asset issuance.

Connecting Blockchain with Traditional Finance

BNB’s ecosystem development has also extended into traditional finance, particularly through its integration with RWA. In July 2025, the RWA platform xStocks was launched on BNB Chain, supported by Kraken and Backed Finance. This platform offers tokenized versions of over 60 equities and ETFs, including Tesla, Apple, Nvidia, and the S&P 500 ETF.

Adam Levi, co-founder of Backed Finance, explained: “xStocks are neutral, public-interest-oriented assets. Expanding to BNB Chain is a critical step toward establishing tokenized stocks as a standard. BNB Chain’s global reach and liquidity make it the ideal partner for this vision.”

Additionally, Ondo Finance announced that BNB Chain would join its "Global Markets Alliance," enabling the deployment of its complete suite of tokenized assets—including hundreds of U.S. equities, ETFs, and funds—on BNB Chain. This integration allows users to buy and hold tokenized stocks directly on-chain without relying on traditional brokers or being restricted by market hours.

Institutional Adoption and Treasury Strategies

BNB’s role as a treasury asset has gained traction among institutional players. Notable examples include:

• Nano Labs: The Nasdaq-listed company has raised $500 million in bonds to purchase BNB, increasing its holdings to 128,000 tokens worth over $108 million.

• Liminatus Pharma: This biopharma firm plans to invest $500 million in BNB through its "American BNB Strategy" subsidiary.

• Windtree Therapeutics: The company signed a $60 million securities purchase agreement to acquire BNB and launch a treasury strategy.

These moves echo the early “MicroStrategy-style” adoption of Bitcoin but with a focus on BNB’s usability, RWA ecosystem, and deflationary mechanics. Binance founder and former CEO CZ revealed that over 30 teams are exploring BNB-backed treasury projects, signaling a growing institutional interest in the token.

Deflationary Strength and Price Momentum

BNB’s quarterly token burn program continues to reduce its circulating supply, which now stands at approximately 139 million tokens. The latest burn event eliminated 15,900 tokens worth $1.024 billion. As the only top-10 cryptocurrency with a clear deflationary model, BNB’s scarcity drives both price stability and long-term growth.

VAPE’s Stock Skyrockets Over 610% After Becoming a BNB Treasury Company

Prior to its crypto pivot, VAPE was primarily known as a mid-sized electronic cigarette manufacturer. Its financial reports for fiscal year 2024 revealed steady revenue of $320 million, with a net profit margin of 12%, translating to approximately $38.4 million in annual net income. The company’s market capitalization prior to its crypto integration was estimated at $250 million.

Key Stakeholders

VAPE’s transition into the crypto space was strongly supported by its major shareholders, including 10X Capital and YZi Labs. These venture capital firms played a pivotal role by providing strategic guidance and funding. For instance:

• 10X Capital: Led the Series C funding round in early 2025, raising $150 million to develop VAPE’s blockchain integration strategy.

• YZi Labs: Supported VAPE in building partnerships with blockchain ecosystem players, facilitating its entry into the crypto treasury model.

Strategic Partnerships

VAPE’s move into crypto was further bolstered by collaborations with CEA Industries, a firm specializing in alternative investments. Together, they raised $500 million in funding to establish the BNB treasury. Specifically:

• CEA Industries: Organized a private equity round in March 2025, enabling VAPE to acquire 8,000 BNB tokens through OTC transactions.

• Partnership Events: CEA also facilitated VAPE’s integration with Binance Pay, allowing the company to accept BNB payments for its products on e-commerce platforms, marking its first operational use of blockchain technology.

Why VAPE’s Strategy Resonates with Investors

1. BNB’s Market Momentum VAPE’s alignment with BNB’s record-breaking performance has made it a highly attractive investment. The timing of VAPE’s announcement coincided with Binance Coin hitting its all-time high of $861, amplifying investor sentiment. VAPE attracted more than 140 institutional investors on its debut day, highlighting strong market confidence in its BNB-based treasury strategy.

2. Innovative Business Model By integrating cryptocurrency into its financial strategy, VAPE has differentiated itself from competitors in the electronic cigarette industry. VAPE’s partnership with Binance Pay has enabled it to accept BNB payments for its products, further embedding blockchain technology into its business operations. This operational integration has added credibility to its crypto pivot, making it more than just a speculative move.

3. Strong Institutional Backing VAPE’s partnerships with venture capital firms and alternative investment companies have bolstered its credibility. Notably, 10X Capital led a $150 million funding round in early 2025 to support VAPE’s transition to a crypto-integrated business model. CEA Industries also facilitated OTC transactions for acquiring BNB tokens, ensuring liquidity and compliance.

4. Market Speculation and Hype The novelty of VAPE’s strategy triggered a spectacular meme‑stock–style rally: stock mentions on StockTwits jumped by over 12,000%, with discussions on retail trading forums skyrocketing. While institutional investors led the PIPE funding round, the overwhelming social media buzz helped escalate retail interest. This dual impact created a perfect storm, fueling VAPE’s rapid price ascent on its debut day.

BNB’s Treasury Strategy and Corporate Adoption – A Mutual Growth Story

The events surrounding BNB’s all-time high of $861 and VAPE’s remarkable stock performance illustrate the mutually reinforcing relationship between BNB’s growing prominence and corporate adoption of cryptocurrency-backed treasury strategies. BNB, supported by Binance, the world’s largest CEX, has established itself as a robust and versatile asset. Its usability, deflationary mechanics, and extensive ecosystem make it an increasingly attractive choice for corporate treasury reserves.

The success of Bitcoin as a treasury asset has paved the way for other cryptocurrencies like Ethereum, Solana , and BNB to be considered viable alternatives by publicly traded companies. This trend represents a gradual but meaningful collaboration between the cryptocurrency market and traditional stock exchanges. As global cryptocurrency regulations ease and legal frameworks become more accommodating, the second half of 2025 may witness the emergence of more companies adopting BNB as a treasury reserve asset. With this growing institutional interest, BNB’s price trajectory could reach new heights in the coming months.