WARRINGTON, PA — Windtree Therapeutics, Inc. (NasdaqCM: WINT) announced a transformative financing agreement this week, unveiling plans to raise up to $200 million to launch a first-of-its-kind BNB crypto treasury strategy.
Led by Build and Build Corp, the initial $60 million securities purchase agreement includes potential future subscriptions of up to an additional $140 million, bringing total prospective proceeds to $200 million. The financing — comprising cash, shares of Osprey BNB Chain Trust, and BNB tokens — positions Windtree to become the first NASDAQ-listed company to offer direct exposure to BNB, the native token of the Binance ecosystem.
Pending shareholder approval and other closing conditions, the company aims to use the proceeds to establish a robust BNB crypto treasury, including investments in custody, security, and yield-generating mechanisms. This move is designed to appeal to both retail and institutional investors seeking regulated access to Binance, the world’s largest cryptocurrency exchange.
“This innovative solution will offer investors targeted exposure to Binance and BNB, addressing what we believe to be a critical gap in the U.S. investment landscape,” said Patrick Horsman, CFA, Director of Build and Build Corp.
BNB, with a market capitalization exceeding $95 billion and average daily trading volumes above $2 billion, is the most liquid crypto exchange token globally. Its underlying blockchain, Binance Smart Chain (BSC), supports rapid, low-cost transactions and hosts a thriving decentralized finance (DeFi) ecosystem with thousands of decentralized applications and millions of users.
“Today marks a pivotal moment for Windtree,” said Jed Latkin, Chief Executive Officer of Windtree. “This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy.”
Windtree’s strategy reflects growing interest in integrating digital assets into traditional public markets, particularly as demand for diversified crypto investment options increases. If approved, Windtree will break new ground among publicly traded U.S. companies, potentially setting a precedent for future crypto treasury strategies.
The transaction highlights Windtree’s bold pivot beyond its traditional pharmaceutical focus, signaling a strategic evolution designed to capture emerging growth in the digital asset sector. As the company positions itself at the forefront of crypto innovation, investor attention is likely to intensify around its next moves and broader market implications.
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