Liminatus Pharma Surges Over 5% After Announcing $500M BNB Investment Strategy
Source Tradingkey
TradingKey – On Monday, July 28, Nasdaq-listed Liminatus Pharma Inc. (LIMN) jumped 5.28% in pre-market trading after unveiling plans to launch a dedicated crypto subsidiary focused on Binance Coin (BNB).
Liminatus Pharma Stock Chart – Source: Google
Liminatus, a preclinical-stage cancer immunotherapy company, announced it will form a new subsidiary called “American BNB Strategy” to manage and invest in BNB, the native token of the Binance ecosystem.
- The company aims to raise up to $500 million, deploying funds in phased investments targeting long-term BNB accumulation
- This move positions Liminatus alongside other corporate BNB holders like Nano Labs (NA), which currently holds 128,000 BNB
Coincidentally, the price of BNB soared above $850 today, setting a new record high. In the past 24 hours, BNB rose by more than 6%, reaching a high of $859 and temporarily reported at $849.
BNB price chart (1 hour), source: TradingView
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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