According to a press release, Windtree Therapeutics has signed a securities purchase agreement led by Build and Build Corp. The initial investment of 60 million dollars could be followed by additional subscriptions of up to 140 million dollars, totaling 200 million dollars. Following the announcement, the price of BNB rose by 3%, surpassing 700 dollars, driven by optimism.
The company plans to use the funds to develop a BNB cryptocurrency treasury strategy. Windtree expects to acquire BNB tokens and related assets, such as shares of Osprey BNB Chain Trust. The company will also establish custody infrastructure, yield generation, and digital asset security.
Pending shareholder approval and regulatory authorization, Windtree will become the first company listed on NASDAQ to have BNB directly on its balance sheet.
