Binance News
--
Three former Coral Capital executives plan to raise $100 million to acquire BNB
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 holding company. Sources revealed that the company will be renamed Build & Build Corporation after the fundraising is completed and will officially start establishing a company treasury centered around BNB. If successful, it will become the first publicly listed company to use BNB as its core reserve asset. This is seen as another evolution of 'crypto treasury' operations following Michael Saylor's Strategy adopting Bitcoin as a company treasury. In recent years, several institutions, including Tether, SoftBank Group, and Trump's social media company, have followed suit with cryptocurrency asset holdings plans, with some companies shifting towards mainstream tokens such as Ethereum and Solana beyond Bitcoin.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
629.29
+3.22%