Nasdaq Listed Windtree Launches BNB Treasury With $200M Investment
The post Nasdaq Listed Windtree Launches BNB Treasury With $200M Investment appeared on BitcoinEthereumNews.com.
Nasdaq-listed Windtree Therapeutics, a clinical-stage biotech, has signed a securities purchase agreement worth $60 million to create its BNB treasury. The transaction, which involves companies such as Build and Build Corp, could grow to $200 million with future follow-on subscriptions. Windtree Announces $200M BNB Treasury Strategy According to a press release, Windtree Therapeutics has entered into a securities purchase agreement led by Build and Build Corp. The company plans to begin with an initial $60 million investment and may follow it up with $140 million in additional subscriptions, totalling $200 million. Following the BNB treasury announcement, the Binance coin price jumped 3% crossing the $700 mark, buoyed by the optimism. The company plans to use the funds to build a BNB crypto treasury strategy. Windtree expects to acquire BNB tokens and BNB-related assets such as shares of the Osprey BNB Chain Trust. The company will also set up custody, yield generation, and digital asset security infrastructure. Pending shareholder approval and regulatory clearance, Windtree is set to become the second NASDAQ-listed company to hold BNB directly on its balance sheet. Institutional Investors Back BNB Exposure Build and Build Corp, which is leading the transaction to create a BNB treasury, is positioning Windtree to provide regulated exposure to the Binance Smart Chain ecosystem. This includes the BNB token, which ranks as the fifth-largest blockchain asset by market capitalization. “We are thrilled to propose a groundbreaking BNB strategy to the U.S. market,” said Patrick Horsman, CFA, Director of Build and Build Corp. He stated the plan will give investors structured access to Binance and BNB in a regulated format. Jed Latkin, CEO of Windtree, stated, “This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy.” BNB Treasury Strategy…
Filed under: News - @ July 17, 2025 12:22 am