US-based Windtree Therapeutics has announced a significant agreement in the crypto assets space.
Investment Agreement
Windtree Therapeutics has signed a $60 million investment deal with Build and Build Corp. The agreement also includes the potential for additional subscription of up to $140 million, totaling potentially $200 million.
Cryptocurrency Treasury Strategy
According to the company, 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.
Market Implications
Windtree will become the first NASDAQ company to offer direct exposure to the BNB token, which has a market capitalization exceeding $95 billion. Patrick Horsman, Director of Build & Build Corp, stated: "We are thrilled to introduce a pioneering BNB strategy to the US market, filling a crucial gap in the investment landscape."
This agreement opens new opportunities for Windtree Therapeutics and highlights the growing interest in cryptocurrencies among traditional investment institutions.
