US-based and NASDAQ-listed Windtree Therapeutics has taken a significant step in its crypto asset strategy, signing a $60 million investment agreement with Build and Build Corp.
The agreement includes the potential for an additional subscription of up to $140 million. This investment, which could reach a total of $200 million, will enable Windtree to directly own BNB, making it the first company in this category on NASDAQ.
According to a press release from the company, the investment proceeds will be in the form of cash, shares of the Osprey BNB Chain Trust, and direct BNB tokens. This funding will be used to launch Windtree’s BNB-focused cryptocurrency treasury strategy and purchase BNB. Following final closing and shareholder approvals, the company will become the first NASDAQ company to offer direct exposure to the BNB token, which has a market capitalization exceeding $95 billion.
The new strategy aims to implement a comprehensive BNB Crypto Treasury Strategy that includes custody services, security, and yield generation.
“We are thrilled to introduce a pioneering BNB strategy to the US market,” said Patrick Horsman, Director of Build & Build Corp. “This innovative solution fills a significant gap in the US investment landscape by providing investors with targeted exposure to Binance and BNB.”
*This is not investment advice.
