Nasdaq-listed Windtree Therapeutics has announced plans to raise up to $520 million in new funding, with approximately 99% of the proceeds intended to purchase BNB for its corporate treasury
Nasdaq-listed Windtree Therapeutics has announced plans to raise up to $520 million in new funding, with approximately 99% of the proceeds intended to purchase Binance Coin (BNB) for its corporate treasury. The company has secured an equity line of credit exceeding $500 million to support this strategy. Windtree will utilize Kraken as the custody provider for its BNB holdings. This move highlights a growing trend among publicly traded companies to diversify their treasury reserves by incorporating cryptocurrency assets.
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Source: https://thedefiant.io/news/tradfi-and-fintech/windtree-therapeutics-plans-520-million-raise-99-bnb-secures-500m-line-cc968f4f