Biotech Firms Launch Digital Asset Treasuries with Major Investments in Aethir and Binance Coin

In a significant move within the cryptocurrency landscape, two biotech firms are set to launch new Digital Asset Treasuries (DATs) after successfully raising a combined total of $402 million in private placements. These funds will be utilized to acquire substantial amounts of Aethir (ATH) and Binance Coin (BNB). The first firm, Predictive Oncology, has raised approximately $344.4 million, making it the first Nasdaq-listed company to stack Decentralized Physical Infrastructure Network (DePIN) tokens. Aethir, the second firm, focuses on providing GPU-as-a-service solutions for AI, gaming, and cloud workloads, positioning itself as a pivotal player in the decentralized infrastructure space.
Dan Wang, co-founder and CEO of Aethir, highlighted the partnership’s significance, referring to it as the establishment of the world’s first Strategic Compute Reserve. This initiative not only positions Aethir as a digital asset treasury but also enhances its operational capabilities to support a global infrastructure layer for AI. The investment structure includes two concurrent private placements, one involving cash investments and the other in-kind contributions of ATH, which will expedite Aethir’s access to its business-focused GPU AI infrastructure.
In addition to Aethir, Applied DNA Sciences is pivoting to become a BNB DAT with an allocation of up to $58 million for private investment in public equity. The firm plans to change its ticker to BNBX and has already secured $27 million in commitments, with potential for an additional $31 million. This strategy involves integrating actively managed decentralized finance protocols and Binance ecosystem-specific strategies, marking a shift from traditional passive staking methods. As the third publicly listed BNB DAT, Applied DNA Sciences aims to drive superior cash flow and returns while maintaining the flexibility and transparency that institutional investors require.
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