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The US-listed company Windtree plans to launch a BNB treasury strategy, raising $60 million through a securities subscription.
According to BlockBeats, on July 16, the U.S. listed company Windtree (WINT) announced that it has signed a securities purchase agreement worth $60 million with Build and Build Corp, with potential future subscriptions that could yield up to $140 million in total returns, bringing the total subscription amount to $200 million. The funds raised after the financing will primarily be used to initiate the BNB treasury strategy and acquire BNB, making Windtree a leader in BNB assets. After obtaining shareholder approval and meeting other closing conditions, Windtree will become the first Nasdaq-listed company to provide direct investment exposure to BNB tokens.