Biotech Firm Windtree Gets $520M Funding to Build Massive BNB Treasury

Key Points

1. Windtree Therapeutics secured $520 million in funding, including a $500 million equity line of credit and a $20 million stock purchase, to establish a BNB treasury.

2. The company plans to allocate 99% of the proceeds to acquiring BNB, potentially making it the first Nasdaq-listed firm with significant BNB holdings.

3. BNB reached a new all-time high of $800, coinciding with Windtree's announcement, as the Altseason Index climbed to 51 and Bitcoin dominance fell 5.8% weekly.

4. Other companies, such as Nano Labs and 10X Capital, are also building BNB reserves, with Nano Labs aiming to control 5-10% of BNB's circulating supply through a $1 billion strategy.

5. SharpLink Gaming became the world's largest corporate holder of Ethereum, surpassing the Ethereum Foundation, with holdings worth $515 million.