Applied DNA Sciences, Inc. (NASDAQ: APDN) has disclosed that its initial BNB holdings are valued at over $17 million following the completion of a private investment in equity (PIPE) financing. The biotechnology firm raised approximately $27 million in gross proceeds, with potential for an additional $31 million from future warrant exercises. The PIPE transaction included $15.3 million in cash and stablecoins, alongside $11.71 million in BNB trust units, totaling 435,638 units equivalent to 10,647 BNB tokens.
Additionally, Applied DNA Sciences announced the acquisition of 4,908 more BNB tokens, valued at approximately $5.3 million as of October 20, 2025. This strategic move underscores the company's growing involvement in the cryptocurrency space, leveraging both DeFi and TradFi investor support.
Applied DNA Sciences' BNB Holdings Exceed $17 Million After PIPE Financing
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