Windtree to Launch $60M Crypto Strategy Focused on BNB Ecosystem

Key Points

1. Windtree Therapeutics signed a $60 million securities purchase agreement for a BNB-focused crypto treasury strategy, with an option for an additional $140 million.

2. If finalized, Windtree would be the first Nasdaq-listed company to offer direct exposure to BNB, the fifth-largest blockchain by market cap.

3. Proceeds from the deal will be used to acquire BNB tokens, shares of Osprey BNB Chain Trust, and cash to implement its digital-asset plan.

4. BNB ranks as the fifth-largest token by market cap, with over $2 billion in average daily trading volume, used across Binance’s exchange and Binance Smart Chain applications.

5. Windtree’s move could set a precedent for other public companies to consider altcoins beyond Bitcoin and Ethereum for treasury strategies.