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Public company Applied DNA Sciences disclosed that its initial BNB holdings are valued at over 17 million dollars.
PANews October 22 news, according to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has completed the previously announced private equity investment (PIPE) financing led by institutional DeFi and TradFi investors, with its initial BNB holdings valued at over $17 million. The PIPE brought approximately $27 million in total proceeds to the company, and may potentially generate up to an additional $31 million in total proceeds through the exercise of warrants in the future. The total proceeds from the PIPE transaction include $15.3 million in cash and stablecoins, as well as $11.71 million worth of OBNB trust units. The company received a total of 435,638 trust units, representing underlying ownership of 10,647 BNB tokens. The company also announced today that it has additionally purchased 4,908 BNB tokens, with an estimated total value of $5.3 million as of 10:00 PM Eastern Time on October 20, 2025.