Windtree, a U.S.-based and Nasdaq-listed Biopharmaceutical firm, has taken a pro-crypto step, joining the list of institutional bitcoin investors. As revealed in a recent release, it has entered into a $60 million securities purchase agreement led by Build and Build Corp. It plans to use the funds to stack BNB (Binance Coin).
BNB is the native token of the Binance Smart Chain and the Binance centralized crypto exchange. Following the uptrend in the crypto market, BNB has risen by over 6% to trade at $706 per coin. It has a market capitalization above $98 billion and ranks as the world’s fifth-largest cryptocurrency.
Windtree to Acquire BNB
According to the release, Windtree’s securities purchase agreement is not fixed at $60 million. It has the potential to increase by $140 million in the future, bringing its subscription to $200 million. The firm is expected to receive the funds in the form of cash, shares of Osprey BNB Chain Trust, and BNB tokens.
“Today marks a pivotal moment for Windtree. This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy,” Jed Latkin, CEO of Windtree, said.
By adopting a BNB reserve, Windtree provides retail and institutional investors with indirect and regulated access to the cryptocurrency, as the value of their stocks would be partially influenced by BNB price action. The strategy also positions Windtree as one of the institutional pioneers in the BNB and Binance Ecosystem.
Corporate Crypto Investors Increase
Notably, Windtree is not the first company to look towards BNB as a reserve asset. In Q2 2025, Nasdaq-listed Nano Labs also revealed plans to raise $500 million via a convertible note purchase agreement with a group of investors for establishing a BNB treasury. It plans to acquire $1 billion in BNB for its reserve.
On the other hand, some corporate investors opt for bitcoin (BTC) and ether (ETH) as a suitable store of value. Bit Digital, an ether-focused crypto firm, recently revealed plans to raise $67 million for its ETH treasury. It holds over 100,000 ETH worth over $300 million and still wants to keep filling its bag.
Meanwhile, over a hundred companies globally have adopted a strategic bitcoin reserve.
