Economy

Windtree, Ready to Invest $700 Million in BNB, Faces Collapse

US biopharmaceutical firm Windtree, soon to become a BNB treasury company, may be finished.

On August 19, Nasdaq employees warned of an impending delisting of Windtree shares because their price did not reach the minimum threshold of $1, fluctuating below $0,5. This news caused the company’s stock price to collapse by 77%, now they are worth only $0,1.

Windtree Share Price Falls

Windtree’s recent decline in stock prices is a continuation of the bearish trend that has dominated the company’s stock market throughout 2025. As a result of the dump, they have become almost completely worthless, losing more than 99% of their value.

To save the organization from collapse, the institution’s management developed a plan to invest in the BNB cryptocurrency (BNB), issued by the exchange BinanceTo this end, in July, the company’s employees raised $720 million in funding and announced their intention to buy BNB for up to $700 million, but have not yet put their promise into action.

Given the situation on the Windtree stock market, it is obvious that the initiative to turn the company into a BNB treasury organization may fail miserably, and its securities will be of no use to anyone. The approaching end of the bullish trend in the cryptocurrency market adds to the danger. In particular, BNB has been rising in price since October 2023, and on August 21, its rate updated its historical maximum at $884,2. It turns out that a protracted downward trend is long overdue.

BNB rate growth

Source

Похожие статьи

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»