Windtree Therapeutics Unveils $200M BNB Treasury Strategy

On July 16, Nasdaq-listed biotech firm Windtree Therapeutics (Nasdaq: WINT) announced that it had entered into a securities purchase agreement worth $60 million with Build and Build Corp, with the potential to raise an additional $140 million in future tranches. The total investment could reach $200 million.

The funding will support the launch of a comprehensive BNB treasury strategy, including secure custody, yield generation, and treasury infrastructure. Pending shareholder approval and other closing conditions, Windtree aims to become the first Nasdaq-listed company to offer direct investment exposure to the Binance Smart Chain ecosystem.

Jed Latkin, CEO of Windtree, expressed enthusiasm about introducing an innovative BNB strategy to the U.S. market, highlighting its potential to break new ground in the crypto investment space. He noted, "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."

Patrick Horsman, CFA and Director of Build & Build Corp, explained that the solution is designed to offer investors targeted exposure to Binance and BNB, addressing what he sees as a significant gap in the U.S. investment landscape.

Windtree Up 20% Premarket, Extending Two-Day BNB Deal Rally

Build and Build Co aims to provide U.S. investors with compliant and secure access to opportunities within the Binance Smart Chain ecosystem, bridging traditional finance and decentralized innovation.The agreement brings together two firms with distinct but complementary focuses. Windtree Therapeutics, in addition to its therapeutic development pipelines, is actively expanding into crypto space through a cryptocurrency treasury strategy. It is currently seeking long-term partners for both areas.

Following the announcement, Windtree Therapeutics (WINT) rose 16.67% on July 17, with the rally continuing into premarket trading on July 18, where the stock climbed an additional 20.00% to $1.26. Over the past five trading days, WINT has surged 61.54%, reflecting strong investor interest.

BNB, the native token of the decentralized BNB Chain, currently has a market cap of $103.64 billion, ranking as the fifth-largest blockchain asset. It is trading at $747.66, with a 24-hour gain of 3.8% and a 7-day increase of 8.5%. The token is now nearing its all-time high of $793, set in December 2024.