Nasdaq is amazed by the "BNB Standard"! Windtree invests a potential $200 million in blockchain assets, is this really an All In? 🟡
Nasdaq-listed company Windtree Therapeutics ($WINT) announced the launch of the "BNB Crypto Vault Strategy" and signed a $60 million investment agreement led by Build and Build Corp., with a total potential scale of up to $200 million, including a possible $140 million subscription arrangement.
Windtree has previously focused on the life sciences sector, and this time it is shifting to invest in crypto assets. According to Windtree's announcement, the funds will be invested in cash and digital assets, with a focus on allocating $BNB coins and trust products like Osprey BNB Chain Trust, making it the first Nasdaq-listed company to adopt a BNB-centric asset strategy.
After the news was announced, the $WINT stock price quickly rose about 30% in after-hours trading, while the price of BNB also surged, heading towards the $723 mark.
Show original
2.55K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.