Several former hedge fund executives plan to raise $100 million to build a BNB position and create a BNB financial strategy company

Odaily News Three former Coral Capital Holdings executives, Patrick Horsman, Joshua Kruger and Johnathan Pasch, are moving forward with a plan to raise $100 million to acquire and hold BNB tokens through a Nasdaq-listed company they control.
Sources revealed that the company will be renamed Build & Build Corporation after the fundraising is completed, and will officially start building a company treasury with BNB as the core. If successfully implemented, it will become the first listed company with BNB as its core reserve asset.
This move is considered to be the evolution of another type of "crypto treasury" operation after Michael Saylor's Strategy used Bitcoin as the company's treasury. In recent years, many institutions including Tether, SoftBank Group, and Trump's social media company have followed up on the crypto asset holding plan, and some companies have turned to non-Bitcoin mainstream tokens such as Ethereum and Solana. (Bloomberg)