One other day, one other crypto treasury. Biotech agency Windtree Therapeutics acknowledged Thursday that it plans to rep up to $700 million rate of BNB to positioned on its steadiness sheet—one day after the asset hit a fresh all-time excessive model.
The Warrington, Pennsylvania-basically based completely mostly firm, which trades on the Nasdaq under the ticker WINT, acknowledged that it’s far raising up to $520 million to fuel BNB purchases after previously asserting a understanding to rep $200 million in the cryptocurrency. It also acknowledged it could well possibly maybe maybe maybe accomplice with crypto commerce Kraken to relieve custody the asset.
Windtree will elevate the money with a $500 million equity line of credit with an unnamed institutional investor, and via a separate $20 million inventory‑bear pact with one other agency, Make and Make Corp, a Friday free up acknowledged. Overall, the agency acknowledged it has committed up to $700 million towards BNB purchases.
Windtree launched a strategic partnership with Kraken, a main global cryptocurrency platform, to acquire custody, trading, and over-the-counter (OTC) companies for Windtree’s BNB Crypto Treasury Strategy. https://t.co/6yMvu1OegP $WINT pic.twitter.com/PWHNZBOmry
— Windtreetx (@windtreetx) July 22, 2025
The drug firm’s CEO Jed Latkin acknowledged: “Pending stockholder approval, the replacement to get extra funds for buying more BNB cryptocurrency is needed to our draw.”
Windtree did no longer straight away reply to Decrypt‘s questions.
BNB is the fifth-finest digital coin with a $106.9 billion market cap. It became once recently trading for $769, in accordance to crypto recordsdata provider CoinGecko. The coin this week hit a fresh all-time excessive model of $808, sooner than taking a dip.
The asset became once launched in 2017 by Binance, the field’s finest crypto marketplace, and previously ran on the Ethereum network. It then grew to turn out to be the native coin of the BNB Chain—a crypto network pale by developers to possess decentralized apps.
Windtree is section of a wave of companies constructing crypto treasuries. Its inventory on Friday is down by about 5%, nonetheless over the last month, it has risen by 162%.
Chinese blockchain infrastructure agency Nano Labs this week launched plans to rep $1 billion rate of BNB, and its inventory pumped due to this.
Strategy (formerly MicroStrategy) became once the first publicly traded firm to commence a Bitcoin-hunting for masterplan. The plan agency is now the critical corporate holder of Bitcoin, with 607,770 BTC—or $70.6 billion—in the main cryptocurrency. The agency permits traders to rep its inventory as a Bitcoin proxy.
Other publicly traded companies which possess followed suit consist of Semler Scientific and Metaplanet, whereas varied companies possess sold resources admire Solana, Ethereum, and XRP.
