U.S. publicly traded company Windtree intends to launch a BNB Treasury Strategy, raising $60 million through a subscription for shares financing.

BlockBeats News, July 16th, Windtree, a US-listed company, announced that it has signed a $60 million securities purchase agreement with Build and Build Corp, with the potential to receive up to an additional $140 million in future subscription proceeds, bringing the total subscription amount to $200 million. The proceeds from the financing will be primarily used to launch the BNB Treasury Strategy and acquire BNB, positioning Windtree as a leader in BNB assets. Upon obtaining shareholder approval and meeting other closing conditions, Windtree will become the first Nasdaq-listed company to provide direct exposure to BNB token investment.