Windtree raises 520 million USD to buy BNB, potentially becoming the largest "whale"!
Biotechnology company Windtree Therapeutics (Nasdaq) has just announced the successful raising of 520 million USD to support its plan to purchase $BNB . This ambitious move could make Windtree the largest holder of BNB among publicly traded companies.
BNB accumulation strategy and market potential
Specifically, #Windtree has received 500 million USD from an unnamed investor and 20 million USD from Build and Build Corp. The company commits to using 99% of this amount for its BNB accumulation strategy after receiving shareholder approval.
Additionally, Windtree has signed an asset custody agreement with Kraken exchange, using this platform for custody, trading, and buying BNB via OTC channels. If the plan is fully funded, Windtree will surpass Nano Labs (which is also actively buying BNB with a target of 500 million USD) to become the publicly traded company holding the most BNB in the world.
This move comes amid a strong growth in BNB prices, reaching a new ATH of 807.6 USD on July 23. The continuous influx of capital into BNB from major companies like Windtree indicates strong confidence in the potential of this cryptocurrency, promising a bright future for the Binance ecosystem and the crypto market in general. #anhbacong