BNB coin price jumps following Windtree Therapeutics’ $200M BNB Treasury launch

BNB coin price has surged following a treasury strategy announcement from Windtree Therapeutics, a Nasdaq-listed clinical-stage biotech firm. On Wednesday, Windtree revealed its plans to launch a BNB-focused crypto treasury strategy, aiming to raise up to $200 million. The news has pushed BNB’s price above $715, marking a notable 3.5% gain within 24 hours. Windtree Therapeutics’ BNB treasury strategy In a statement issued on Wednesday, Windtree Therapeutics confirmed it had entered into a securities purchase agreement worth $60 million, with the potential to raise an additional $140 million. The agreement, led by Build and Build Corp, will fund the creation of a BNB treasury, positioning Windtree as one of the first public firms in the United States to hold BNB directly on its balance sheet. This initiative signals Windtree’s shift toward diversifying its financial portfolio by integrating digital assets, specifically BNB, the native token of Binance’s BNB Chain ecosystem, into its treasury management framework. Although a clinical-stage biotech, Windtree is now venturing into the crypto space with a clear intent to enhance liquidity, optimise returns, and strengthen its financial standing. The company stated it would not only acquire BNB tokens but also invest in related assets, such as shares in the Osprey BNB Chain Trust, indicating a long-term outlook on the BNB ecosystem. Windtree’s treasury strategy also includes setting up infrastructure for custody, yield generation, and digital asset security, making the move more than a symbolic investment. BNB coin price reacted positively to the news Following Windtree’s announcement, BNB coin price soared to $720.99, with a 24-hour trading volume of more than $2.5 billion, reinforcing the positive sentiment in the market. Notably, the development adds to the bullish market sentiment for the BNB token, which has been on a continuous bullish trend recently. Over the past three months, BNB coin has gained 21.4%, and it currently sits just 9.3% below its all-time high of $788.84 reached in December 2024. BNB coin price chart | Source: Coingecko The token’s market cap now exceeds $104 billion, making it the fifth-largest cryptocurrency by capitalisation, with a circulating supply of over 145 million tokens. With institutional interest rising and blockchain performance improving, traders are increasingly viewing BNB as more than just an exchange token. Although volatility remains a risk, the introduction of regulated treasury structures like Windtree’s offers a layer of credibility and strategic depth to BNB’s long-term prospects. BNB Chain network upgrades likely to fuel the rally The timing of Windtree’s announcement aligned with the release of BNB Chain’s H1 performance report , which showcased impressive network upgrades. According to the report, BNB Chain has improved its transaction settlement times, reduced gas fees to as low as $0.01, and cut malicious MEV activity by 95%, offering a more efficient user experience. Furthermore, the network plans to scale throughput by up to 20 times by the end of 2025, with upgrades such as a Rust-based client and enhanced StateDB architecture. The BNB Foundation has also completed its 32nd quarterly token burn, destroying 1,595,599.78 BNB tokens, worth approximately $1.024 billion, contributing to the token’s deflationary appeal. These developments provide fundamental support to the price rally, reassuring investors about the long-term value and utility of BNB coin as both a currency and an infrastructure asset. The post BNB coin price jumps following Windtree Therapeutics’ $200M BNB Treasury launch appeared first on Invezz

Source: Invezz