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Windtree Therapeutics Announces Up To $520 Million in New Funding to Amplify BNB Cryptocurrency Treasury Strategy
Globenewswireยท 2025-07-24 13:00
Core Viewpoint - Windtree Therapeutics, Inc. has committed up to $700 million for BNB acquisitions, emphasizing its innovative cryptocurrency treasury strategy [1][2]. Group 1: Financial Commitments - The company has entered into a Common Stock Purchase Agreement for up to $500 million to establish an equity line of credit (ELOC) [1]. - An additional $20 million stock purchase agreement has been made with Build and Build Corp [1]. - Ninety-nine percent of the proceeds from both agreements will be allocated to acquiring BNB cryptocurrency [1]. Group 2: Strategic Intent - The establishment of the ELOC is part of Windtree's strategy to diversify its treasury assets and leverage blockchain-based digital currencies [2]. - The CEO of Windtree highlighted the importance of securing additional funds for purchasing BNB as essential to the company's strategy [2]. - The integration of BNB into the treasury is viewed as a forward-thinking approach to value creation [3]. Group 3: Company Background - Windtree Therapeutics is a diversified company with a focus on a cryptocurrency treasury strategy and therapeutic pipelines [4]. - Build and Build Corp is a company with expertise in hedge funds and digital asset management, backed by prominent investors [5].