The publicly traded company Applied DNA Sciences disclosed that its initial BNB holdings are valued at over 17 million dollars

ChainCatcher 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 an initial BNB holding valued at over $17 million.

The PIPE brought the company approximately $27 million in total proceeds, with the potential to gain an additional total of up to $31 million in the future through the exercise of warrants. The total proceeds from the PIPE transaction include $15.3 million in cash and stablecoins, as well as $11.71 million in OBNB trust units.

The company has received a total of 435,638 trust units, which represent underlying ownership of 10,647 BNB tokens. The company also announced today that it has additionally purchased 4,908 BNB tokens, estimated to be worth $5.3 million as of 10:00 PM Eastern Time on October 20, 2025.