$60M Windtree Funding to Fuel BNB Crypto Treasury

According to the press release dated July 16, 2025, Nasdaq-listed Windtree Therapeutics Inc. has announced a $60 million securities purchase agreement led by Build and Build Corp, with potential for up to an additional $140 million in gross proceeds in future subscriptions for a total subscription of up to $200 million.

It is worth noting that the proceeds expected to be in the form of hard cash, shares of Osprey BNB Chain Trust, and BNB, from this financing upon closing, are to be primarily used to launch a BNB crypto treasury strategy and purchase BNB.

Following the development, Patrick Horsman, CFA, Director of Build &Build Corp said, “ We are thrilled to propose a groundbreaking BNB strategy to the U.S. market,” he added, “ This innovative solution will offer investors targeted exposure to Binance and BNB, addressing what we believe to be a critical gap in the U.S. investment landscape.”

Windtree’s Chief Executive Officer, Jed Latkin, argued, “ Today marks a pivotal moment for Windtree.” He further said, “ This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy.”

A quick overview of Windtree Therapeutics Inc.’s stock price

According to the data from Google Finance, Nasdaq: WINT is trading at $0.90 with an increase of 8.62% in its most recent trading session, and in a week, it grew 34.29%.

Market watchers argue that following the announcement and buzz of BNB buying by the company has cemented the belief of the company’s usual stakeholders.

Despite this short-term bullishness, Windtree stock is down by roughly 22% in the past three months, and a decrease of 94.79% has been noted in the YTD frame.

When writing, the market capitalization of Windtree Therapeutics Inc. is $3.27 million, which is estimated to approach the $4 million mark by the end of Q3, 2025.

Windtree Therapeutics Inc. stock traded at a high $737.44 in the past 52 weeks and a low of $0.36, and in the last trading session it tumbled between $0.65- $1.06.

Now, companies are including the BNB token in their primary treasury

A few companies have recently announced plans to include Binance Coin in their primary reserve treasury, reflecting the growing interest of companies beyond Bitcoin and Ethereum.

Nano Labs, a Nasdaq-listed China-based chipmaker, announced in June 2025 a $1 billion plan to acquire BNB, with the intention of holding 10% of BNB’s circulating supply. As part of a broader strategy, the company has purchased $50 million worth of Binance tokens, bringing its total reserve to $160 million in BNB coins.

BNB Treasury Company, the family office of Binance founder Changpeng Zhao, YZi Labs, is backing a new treasury firm referred to as ‘ BNB Treasury Company’ managed by 10x Capital