Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because not every crypto-treasury experiment ends in glory. For WindTree Therapeutics, adopting BNB as part of its balance sheet proved more cautionary than visionary.
Crypto News of the Day: Nasdaq Delists WindTree Stock Amid BNB Treasury Strategy Failure
Nasdaq-listed biotech firm, WindTree Therapeutics, once spotlighted as a pioneer in digital asset treasury (DAT) adoption, saw its stock plunge by over 80% this year.
Now, WindTree is delisted from the exchange after failing to meet the minimum $1 share price requirement. Notably, as indicated in a recent US Crypto News publication, this is one of the criteria for meriting inclusion into such renowned catalogs.
According to data on Google Finance, the company’s shares are trading as low as $0.14 as of this writing, down by more than 97% in six months.
WindTree’s pivot toward the BNB token was announced in July through a partnership with Build and Build Corp.
The agreement secured $60 million in investment, with up to $140 million in follow-on subscriptions. This positioned BNB as a central reserve asset in the firm’s treasury.
“The proceeds, expected to be in the form of cash, shares of Osprey BNB Chain Trust and BNB, from this financing, upon closing, are to be primarily used to launch a BNB crypto treasury strategy and purchase BNB, positioning Windtree as a leader in the BNB digital asset,” read an excerpt in the announcement.
At the time, Binance founder Changpeng Zhao (CZ) hailed the “micro strategy” of accumulating BNB, likening it to how companies like MicroStrategy accumulated Bitcoin.
“More BNB micro strategies,” CZ remarked.
However, WindTree’s strategy collided with harsh market realities. Despite securing BNB for its reserves, the company’s stock failed to regain investor confidence.
The result has been a series of losses and a potential Nasdaq delisting, forcing WindTree onto the over-the-counter (OTC) markets with limited liquidity and visibility.
BNB Treasuries Gain Traction, but Fundamentals Still Decide Survival
Meanwhile, WindTree is not alone in experimenting with a Digital Asset Treasury (DAT) model. Other publicly listed firms, such as Nano Labs and Liminatus, have also allocated BNB as part of their strategic reserves.
Advocates argue that treating BNB as a productive treasury asset signals a shift in corporate finance models. Yet WindTree’s collapse shows that crypto-treasury adoption is not a panacea for companies already under financial distress.
Adopters require fundamentals to survive. This failure highlights two crucial lessons for companies that view digital assets as a balance sheet lifeline.
- Integrating BNB or any other cryptocurrency requires strong underlying business fundamentals.
Without revenue growth and sound operations, even large-scale digital reserves will not shield firms from market or structural weaknesses.
- Regulatory and exchange compliance remains a hurdle.
Falling below Nasdaq’s listing requirements effectively negated WindTree’s attempt to rebrand itself as a crypto-forward company.
While its shift to the OTC market may allow operations to continue, this will be with reduced access to institutional capital.
“CEO Jed Latkin says operations continue, but survival now depends on whether OTC trading can keep investors interested,” wrote Crypto Coin Show.
Despite WindTree’s stumble, BNB’s role in treasury strategy is growing. Companies, from Asian tech firms to biotech players, are experimenting with crypto integration at scale.
For the Binance exchange and CZ, these moves bolster the narrative of BNB as a mainstream treasury asset.
However, as WindTree’s delisting shows, adoption is not a shortcut to survival. For corporate treasuries, the promise of digital assets still carries risks from market cycles, compliance hurdles, and the unforgiving discipline of investor confidence.
Chart of the Day
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- Bitcoin miners drain reserves, adding headwinds to BTC price outlook.
- Could Jerome Powell’s final Jackson Hole Speech Spark a Bitcoin Supercycle?
- ZachXBT uncovers $91 million Bitcoin theft in sophisticated scam.
- Ripple SBI partnership brings RLUSD stablecoin to Japan in 2026.
- ONDO token eyes breakout amid Ondo Finance’s expansion in tokenized assets.
- A 300 billion dump puts the Shiba Inu price on the edge of a range break.
- Camp Network apologizes and reimburses users after airdrop fee controversy.
- $780 million treasury boost positions TON for potential bull market.
- Thiel’s Ether bets pay off as Ethereum gains Wall Street traction.
Crypto Equities Pre-Market Overview
| Company | At the Close of August 21 | Pre-Market Overview |
| Strategy (MSTR) | $337.58 | $338.61 (+0.31%) |
| Coinbase Global (COIN) | $300.28 | $301.49 (+0.40%) |
| Galaxy Digital Holdings (GLXY) | $23.89 | $24.14 (+1.05%) |
| MARA Holdings (MARA) | $15.51 | $15.50 (-0.064%) |
| Riot Platforms (RIOT) | $12.27 | $12.31 (+0.33%) |
| Core Scientific (CORZ) | $13.79 | $13.86 (+0.51%) |
The post BNB Treasury Strategy Meets Harsh Reality in WindTree’s Collapse | US Crypto News appeared first on BeInCrypto.
Source link
Lockridge Okoth
https://beincrypto.com/bnb-treasury-strategy-windtree-stock-us-crypto-news/
2025-08-22 13:03:00
