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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.
Windtree secures over $500M equity line of credit to build BNB treasury, taps Kraken for custody https://t.co/BJ88V51uhO
WINDTREE THERAPEUTICS PLANS $520M RAISE TO STACK BNB IN TREASURY Nasdaq-listed Windtree Therapeutics announced plans to raise up to $520 million to expand its treasury holdings with Binance Coin (BNB). The move underscores growing corporate interest in diversifying reserves https://t.co/0BrSRIzC5v https://t.co/kR8dqFY7hR
LATEST: Windtree Therapeutics to raise up to $520 million to buy more $BNB for its treasury. https://t.co/qPEOkRcuPr
