Applied dna sciences announces private placement of up to $58 million to initiate bnb treasury strategy and bnb native yield generation

Stony brook, n.y.--(business wire)--applied dna sciences, inc. (nasdaq: apdn) (“applied dna” or the “company”), a biotechnology company focused on providing nucleic acid production solutions, today announced up to $58 million in commitments for a private investment in public equity (“pipe”) offering led by institutional investors to initiate a digital asset treasury strategy based on bnb, the native cryptocurrency of the binance blockchain ecosystem, the world's largest cryptocurrency exchange1.
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