Windtree Therapeutics Plans $520 Million Raise, 99% for BNB, Secures $500M Equity Line, Uses Kraken Custody

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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