Windtree Therapeutics Creates Cryptocurrency Treasury Plan

By Kelly CloonanWindtree Therapeutics plans to create a policy that will allow it to accept cryptocurrency payments and hold cryptocurrency as an asset.Chief Executive Jed Latkin said Tuesday the policy is part of the biotechnology company's new strategy to generate revenue.Windtree is in discussions with several bitcoin- and other cryptocurrency-focused groups that are interested in furthering a treasury strategy with the company, Latkin said.The company expects the policy will be completed in the near term, he said.The stock declined 8% to 73 cents in after-hours trading Tuesday.Write to Kelly Cloonan at [email protected]