According to Foresight News, three former Coral Capital Holdings executives, Patrick Horsman, Joshua Kruger and Johnathan Pasch, are advancing 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 begin to build 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 is considered to be the evolution of another type of "crypto treasury" operation after Michael Saylor's Strategy used Bitcoin as a company treasury. In recent years, many institutions including Tether, SoftBank Group, and Trump's social media company have followed up on crypto asset holding plans, and some of these companies have turned to non-Bitcoin mainstream tokens such as Ethereum and Solana.
Later, Binance founder and former CEO Changpeng Zhao (CZ) responded in a post, saying, “I heard that several companies are doing this. So far, none of them is led by me/us. But we are very supportive. BNB is a native token of a public blockchain, not a token ‘associated with Binance Holdings Ltd or Binance centralized exchange’.”
