Windtree Launches $200M BNB Treasury Strategy with Institutional Backing

Highlights:

• Windtree has launched a $200M BNB treasury backed by institutional investors.
• The firm will gain direct BNB exposure, a first for Nasdaq-listed companies.
• The firm aims to hold BNB directly and through Osprey BNB Chain Trust.

Windtree Therapeutics, a Nasdaq-listed biotechnology company, has announced a major shift towards the digital asset sector. Build and Build Corp. led the signing of the security purchase agreement by the company, worth $60 million. The deal has the flexibility to increase an additional $140 million, bringing the aggregated gross proceeds up to $200 million.

The firm plans to use these funds to build a BNB Treasury that will actively buy and manage BNB tokens. Windtree will also invest in the associated BNB assets, such as shares of the Osprey BNB Chain Trust. This initiative sets the stage for Windtree to be the first Nasdaq-trading company with direct exposure to BNB. Pending shareholder approval and regulatory clearances, Windtree aims to secure its role in the rapidly growing Binance Smart Chain ecosystem. This is a major step of shift in the present biotech operations toward the broader crypto investment landscape.

JUST IN: 🇺🇸 Publicly listed Windtree Therapeutics to buy up to $200 million worth of $BNB for its treasury. pic.twitter.com/tuMKqUDGaK

— Whale Insider (@WhaleInsider) July 16, 2025

Institutional Support Fuels the BNB Treasury Strategy

Institutional investors, led by Build and Build Corp., are strongly backing the BNB treasury strategy. The company is moving to become a dedicated BNB investment vehicle with a target of $100 million in assets. The firm has already committed $60 million and plans to follow it up with more funding from other institutional partners.

Such investments are anticipated both in cash and digital assets. Windtree intends to employ the capital for building a secure digital asset custody and yield generation infrastructure. The company views this as a potential opportunity to enter the untapped market gap of regulated BNB exposure in the U.S.

In addition, the huge user base of the Binance ecosystem and the development of decentralized finance (DeFi) add to the attraction of BNB. BNB currently has a daily trading volume of over $2 billion, making it one of the most liquid exchange tokens globally. The strategy followed by Windtree also targets the growing popularity of alternative treasury asset models among investors. The moves make it one of the first public firms to have exposure to BNB, giving it additional exposure in the crypto and traditional finance worlds.

Growing Interest in BNB Treasury Strategies Among Public Firms

Windtree is not the only company interested in investing in BNB. A number of public and private firms are developing the same treasury models. Another Nasdaq-listed company, Nano Labs Corporation, recently obtained $50 million worth of BNB and intends to expand the figure to $1 billion.

The BNB Treasury Company, backed by Binance founder Changpeng Zhao’s family office, is also preparing for a public listing. These developments suggest increasing institutional confidence in the Binance Smart Chain’s long-term potential.

In addition, CZ added that over 30 teams are actively exploring BNB Treasury strategies to go public. This signals a broader movement toward regulated crypto asset exposure through public market structures. Following Windtree’s announcement, the BNB token has gained 2.30% to trade at $705. In addition, its market cap has surged to $97 billion.