Kraken: Windtree Therapeutics Bets Big on BNB with $700 Million Purchase Following All-Time High

Nasdaq-listed biotech firm Windtree Therapeutics has announced a bold move into the cryptocurrency space, revealing plans to acquire up to $700 million worth of BNB. This strategic decision comes as BNB reaches a new all-time high, showcasing the growing confidence of institutional players in digital assets. The Warrington-based company secured a substantial $520 million funding package to execute this crypto treasury strategy, comprising a $500 million equity line and a $20 million stock purchase agreement. Windtree's initiative reflects a broader trend of traditional companies diversifying into cryptocurrencies as part of their treasury management strategies. This significant investment not only highlights BNB's growing prominence in the crypto market but also signals increasing institutional adoption of digital assets. The move could potentially influence other biotech and pharmaceutical companies to consider cryptocurrency investments as part of their financial strategies. With this purchase, Windtree Therapeutics positions itself at the forefront of corporate crypto adoption, potentially setting a new standard for treasury management in the biotech industry.

Windtree Therapeutics to Purchase Up to $700 Million in BNB Following All-Time High

Nasdaq-listed biotech firm Windtree Therapeutics has announced plans to acquire up to $700 million worth of BNB, capitalizing on the cryptocurrency's recent all-time high. The Warrington-based company secured a $520 million funding package—comprising a $500 million equity line and a $20 million stock purchase agreement—to execute its crypto treasury strategy.

Windtree's MOVE mirrors a growing trend among public companies diversifying into digital assets beyond Bitcoin. The firm has partnered with Kraken for custody and trading services, signaling institutional confidence in BNB's long-term value proposition.

This strategic allocation comes amid heightened corporate interest in crypto treasuries as alternative reserve assets. Windtree's substantial commitment underscores the maturing relationship between traditional finance and decentralized ecosystems.

$280 Million Frozen as Hayden Davis Denies LIBRA Was an Investment

Crypto entrepreneur Hayden Davis has acknowledged in U.S. court documents that LIBRA operates as a memecoin, lacking a formal business plan, and refuted claims of it being an investment vehicle. The legal proceedings center on $280 million in frozen assets tied to the project.

A New York hearing set for August 19 will determine the disposition of these funds. The case gained additional intrigue following revelations of substantial transfers to Kraken exchange during a meeting with Argentine President Javier Milei.