Windtree to raise $200M to launch a BNB treasury strategy originally appeared on TheStreet.
Windtree Therapeutics, Inc. (NASDAQ: WINT), a healthcare company based in Warrington, Pennsylvania, has decided to execute a significant strategic pivot.
The company announced on July 16 that it has signed a $60 million securities purchase agreement with Build and Build Corp to launch a BNB crypto treasury strategy.
The landmark deal includes the potential to raise up to $140 million in additional future subscriptions, with total subscriptions up to $200 million.
The proceeds from the deal, once closed, will be used to acquire BNB to add to the company's corporate balance sheet.
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Windtree said it aims to become the first NASDAQ-listed company to offer direct exposure to BNB. The treasury strategy includes custody, security, and yield generation on BNB tokens, positioning Windtree as a leader offering both retail and institutional investors access to the Binance ecosystem.
CEO Jed Latkin said, "Today marks a pivotal moment for Windtree." He added:
"This transaction secures up to from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy."
Access to Binance's dynamic ecosystem
Binance is the world's largest crypto trading exchange, and its suite of products and services constitutes a dynamic ecosystem.
BNB is the world's fifth-largest cryptocurrency which has a market capitalization of $98.8 billion at the time of writing.
The Binance Smart Chain is among the most successful blockchain networks that provide a robust infrastructure where leading decentralized finance (DeFi) platforms are built to serve millions of users.
Off The Chain Capital among investors backing Build & Build
Build & Build Corp, which led the purchase agreement, is a crypto treasury venture that focuses on the Binance Smart Chain ecosystem in the U.S.
Patrick Horsman, CFA, Director of Build & Build Corp, said:
"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."
Established by Patrick Horsman, Joshua Kruger, and Johnathan Pasch, the venture is backed by prominent investors such as Off The Chain Capital, Kraken, Galaxy, and Silvermine.
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Led by CEO Brian Dixon, CIO Brian Estes, and CFO Tom Siegel, Off The Chain Capital is an investment fund that targets digital assets and blockchain projects.
What began as a family office in 2016 turned into a broader operation that now works with qualified purchasers. The fund embraces the value investment philosophies of legends like Benjamin Graham, Warren Buffett, and Charles Munger, aiming to provide downside protection with no compromise with upside growth.
Kraken, led by co-CEOs Arjun Sethi and Dave Ripley, is a U.S.-based crypto exchange that is trusted by more than 13 million users from around the globe.
Helmed by founder and CEO Michael Novogratz, Galaxy is a global player in digital assets and AI infrastructure.
Led by founding partner Richard Shorten, Silvermine is an investment management firm focused exclusively on digital assets.
Windtree to raise $200M to launch a BNB treasury strategy first appeared on TheStreet on Jul 16, 2025
This story was originally reported by TheStreet on Jul 16, 2025, where it first appeared.
