Windtree Therapeutics (Nasdaq: WINT) has signed a $60 million securities purchase agreement to establish a crypto treasury strategy centered on Binance's BNB token. Led by Build and Build Corp, the deal includes an option for an additional $140 million in future subscriptions, potentially totaling $200 million in institutional funding.
Upon shareholder approval and closing conditions, Windtree will become the first Nasdaq-listed company to hold BNB directly. Proceeds will acquire BNB tokens, shares of the Osprey BNB Chain Trust, and fund custody infrastructure and yield-generating activities. CEO Jed Latkin emphasized this offers shareholders "unique exposure" to BNB – the fifth-largest cryptocurrency by market cap ($95B+) with $2B+ daily trading volume.
Patrick Horsman of Build and Build Corp described it as a "BNB strategy for the U.S. market," providing regulated access to Binance's ecosystem. Binance founder Changpeng Zhao endorsed the move as another "micro strategy" for BNB. The initiative signals growing corporate interest in altcoin treasuries beyond Bitcoin and Ethereum, though BNB's ties to Binance may face regulatory scrutiny.