Windtree Secures $520M to Boost BNB Holdings as Token Surges 17.5% on Institutional Bet

Windtree Therapeutics (WINT), a Nasdaq-listed biotechnology company, has announced a strategic pivot into the cryptocurrency market by targeting a $520 million fund to expand its holdings in Binance Coin (BNB). The initiative, unveiled through a combination of a $500 million equity line of credit (ELOC) and a $20 million stock purchase agreement, will allocate 99% of proceeds to acquiring BNB, the fifth-largest cryptocurrency by market capitalization [1]. This move positions Windtree as the first publicly traded company to prioritize BNB as a core asset, capitalizing on growing institutional interest in digital assets [2].

The ELOC, a flexible financing tool akin to a credit line, requires shareholder approval to increase the company’s authorized shares before activation [3]. Complementing this, Windtree has entered a strategic partnership with Kraken, a major cryptocurrency exchange, to manage its BNB-focused treasury program. Kraken will provide custody, trading, and over-the-counter (OTC) services, ensuring secure and liquid management of Windtree’s holdings [4]. The collaboration, formalized via a term sheet in July 2025, also includes potential future subscriptions of up to $140 million led by Build and Build Corporation [5].

Windtree’s strategy aligns with broader institutional adoption of BNB. For instance, Nano Labs, a Web 3.0 infrastructure provider, recently committed $1 billion to BNB, purchasing $50 million initially [6]. BNB’s price performance has been resilient, surging 17.5% over the past month and nearing its all-time high of $809 before a minor correction. At $782 as of the latest data, the token reflects confidence among strategic investors seeking exposure to the expanding crypto market [7].

CEO Jed Latkin emphasized the partnership’s significance, stating Kraken’s expertise would “strengthen our ability to deliver unparalleled exposure to the Binance ecosystem” [9]. David Olsson, Global Head of Institutional Client Solutions at Kraken, highlighted the exchange’s infrastructure, including qualified custody and staking platforms, to support Windtree’s digital asset strategy [4]. This collaboration underscores the growing role of institutional players in managing crypto treasuries, a trend amplified by regulatory clarity and technological advancements [11].

Windtree’s aggressive allocation to BNB contrasts with traditional biotech firms, repurposing its financial structure to capitalize on crypto’s growth. While the company has not disclosed specific metrics for its BNB treasury, the scale of its investment signals confidence in the asset class. Analysts note that such strategies could enhance BNB’s institutional appeal, though price fluctuations remain subject to broader market dynamics [10].

The initiative reflects a calculated bet on BNB’s utility and market potential. By leveraging Kraken’s infrastructure and institutional partnerships, Windtree aims to secure long-term value for shareholders while navigating the evolving crypto landscape. This strategy also highlights the increasing integration of digital assets into corporate treasuries, a shift that may redefine traditional portfolio diversification models [11].

Sources:

[1] [Windtree Secures $520M to Fuel Bold Crypto Pivot with BNB Treasury Strategy](https://coincentral.com/windtree-secures-520m-to-fuel-bold-crypto-pivot-with-bnb-treasury-strategy/)

[2] [BNB Strategy: Windtree Therapeutics Targets New $520 Million Fund To Boost Holdings](https://www.ainvest.com/news/bnb-resurgence-institutional-adoption-decoding-windtree-520m-bet-future-digital-assets-2507/)

[3] [Windtree Therapeutics Targets $520 Million in Funding to Expand Binance Coin Holdings](https://cryptonews.net/news/altcoins/31316285/)

[4] [Windtree Forms Strategic Partnership with Kraken](https://www.ainvest.com/news/windtree-therapeutics-forms-strategic-partnership-kraken-enhance-crypto-strategy-2507/)

[5] [Windtree Therapeutics (WINT) Enters Financial Agreements for BNB Treasury](https://cryptonews.net/news/altcoins/31316285/)

[6] [Nano Labs Launches $1 Billion BNB Treasury Strategy](https://cryptonews.net/news/altcoins/31316285/)

[7] [BNB Price Surges 17.5% Amid Institutional Demand](https://cryptonews.net/news/altcoins/31316285/)

[9] [Windtree CEO Jed Latkin on BNB Strategy](https://cryptonews.net/news/altcoins/31316285/)

[10] [Institutional Adoption and BNB’s Price Outlook](https://www.fxstreet.com/cryptocurrencies/news/bnb-price-forecast-bnb-down-5-from-peak-as-windtree-therapeutics-plans-520-million-treasury-202507251312)

[11] [Windtree’s Pivot to Crypto as a Corporate Treasury Strategy](https://defi-planet.com/2025/07/windtree-therapeutics-targets-520m-to-expand-binance-coin-holdings/)