Share this article
Biotech Company Windtree to Raise Up to $200M for BNB Treasury
Windtree said it would become the first Nasdaq-listed company to build a BNB treasury
Updated Jul 17, 2025, 1:49 p.m. Published Jul 17, 2025, 8:52 a.m.
What to know:
- Windtree Therapeutics, a Nasdaq listed biotechnology company, has plans to raise up to $200 million to build a treasury of BNB, the native cryptocurrency of BNB Chain.
- Warrington, Pennsylvia-based Windtree said it would become the first Nasdaq-listed company to build a BNB treasury.
- Health care-adjacent firms have been noticeably present among such companies adopting crypto treasuries.
Windtree Therapeutics (WINT), a Nasdaq listed biotechnology company, plans to raise up to $200 million to build a treasury of BNB, the native token of BNB Chain.
Windtree has entered into a $60 million securities purchase agreement with blockchain infrastructure investor Build and Build Corp, with the potential for an additional $140 million, according to an announcement on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Warrington, Pennsylvania-based firm said it would become the first Nasdaq-listed company to build a BNB treasury.
BNB, which was developed by cryptocurrency exchange Binance as the native token of its blockchain ecosystem and which is now considered a separate decentralized entity, is the fifth largest crypto by market cap.
A growing number of publicly-traded companies have been building crypto treasuries in recent months, attempting to replicate the model of Michael Saylor's Strategy (MSTR), which now owns nearly 3% of all the bitcoin that will ever exist.
Health care-adjacent firms have been noticeably present among such companies adopting crypto treasuries.
Windtree shares closed 8.62% higher on Wednesday at 90 cents and have climbed some 22.22% in pre-market to $1.1 at the time of writing.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
