en.bitcoinsistemi.com
US-based and NASDAQ-listed Windtree Therapeutics has taken a significant step in its crypto asset strategy, signing a $60 million investment agreement with Build and Build Corp.
The agreement includes the potential for an additional subscription of up to $140 million. This investment, which could reach a total of $200 million, will enable Windtree to directly own $BNB, making it the first company in this category on NASDAQ.
According to a press release from the company, the investment proceeds will be in the form of cash, shares of the Osprey $BNB Chain Trust, and direct $BNB tokens. This funding will be used to launch Windtree's $BNB-focused cryptocurrency treasury strategy and purchase $BNB. Following final closing and shareholder approvals, the company will become the first NASDAQ company to offer direct exposure to the $BNB token, which has a market capitalization exceeding $95 billion.
The new strategy aims to implement a comprehensive $BNB Crypto Treasury Strategy that includes custody services, security, and yield generation.
“We are thrilled to introduce a pioneering $BNB strategy to the US market,” said Patrick Horsman, Director of Build & Build Corp. “This innovative solution fills a significant gap in the US investment landscape by providing investors with targeted exposure to Binance and $BNB.”
*This is not investment advice.