The deal includes an option for an additional $140 million, potentially bringing total funding to $200 million. Once finalized and […]
The post Windtree Becomes First NASDAQ Firm to Back BNB with $200M Crypto Strategy appeared first on Coindoo.
The deal includes an option for an additional $140 million, potentially bringing total funding to $200 million.
Once finalized and approved by shareholders, Windtree is set to become the first company on NASDAQ to hold direct exposure to BNB, the native token of the Binance ecosystem.
The investment will be delivered through a mix of cash, BNB tokens, and shares in the Osprey BNB Chain Trust. Proceeds will fund Windtree’s new treasury strategy, which aims to integrate custody, security, and yield-generation mechanisms around BNB holdings.
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“This initiative brings U.S. investors a new way to access BNB,” said Patrick Horsman of Build and Build Corp., who called it a major step in bridging traditional finance with the crypto economy.
The post Windtree Becomes First NASDAQ Firm to Back BNB with $200M Crypto Strategy appeared first on Coindoo.
Source: https://coindoo.com/windtree-becomes-first-nasdaq-firm-to-back-bnb-with-200m-crypto-strategy/
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