WARRINGTON, PA — Windtree Therapeutics, Inc. (NasdaqCM: WINT) announced two major equity financing agreements totaling up to $520 million, positioning the company to significantly expand its holdings of BNB cryptocurrency, pending stockholder approval.
Under the new arrangements, Windtree entered into a Common Stock Purchase Agreement to establish a $500 million equity line of credit (ELOC) and signed an additional $20 million stock purchase agreement with Build and Build Corp. The company said that 99% of the proceeds from both transactions will be directed toward acquiring BNB, the digital token issued by Binance.
The ELOC, a flexible financing facility allowing the company to issue shares in exchange for capital, is contingent upon shareholder authorization to increase Windtree’s total number of common shares. No funds will be accessible under the agreement until that approval is granted.
CEO Jed Latkin emphasized the importance of the strategy. “We are excited to incorporate these new facilities to enable our future BNB acquisitions as part of our BNB treasury strategy,” he said. “Pending stockholder approval, the opportunity to secure additional funds for purchasing more BNB cryptocurrency is essential to our strategy.”
The move signals Windtree’s shift toward a digital asset-centric treasury model—a growing but still uncommon approach among publicly traded firms. Management described the ELOC as a key tool to enhance liquidity and implement its crypto diversification plans while retaining flexibility in capital deployment.
“Windtree’s strategy to integrate BNB into its treasury reflects a forward-thinking approach to value creation,” said Patrick Horsman, CFA and Director of Build and Build Corp. “The ELOC provides the flexibility and scale needed to execute on this digital asset treasury vision.”
The company stressed that the announcement does not constitute an offer or solicitation to buy or sell securities, and any transactions will comply with applicable state and federal securities laws.
Windtree, historically focused on biopharmaceutical development, now joins a small cohort of companies turning to blockchain-based assets to hedge against inflation, diversify balance sheets, and position for long-term upside in the digital economy.
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