Several former hedge fund executives plan to raise $100 million to create a publicly listed company with a BNB financial strategy

Three former executives of Coral Capital Holdings, Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are advancing a plan to raise $100 million, intending to purchase and hold BNB through a Nasdaq-listed company they control.

Sources reveal that the company will be renamed Build & Build Corporation after the fundraising is completed and will formally begin establishing a company treasury centered around BNB. If successful, it will become the first publicly listed company with BNB as its core reserve asset.

This move is seen as an evolution of the “crypto treasury” operations following Michael Saylor’s Strategy incorporating Bitcoin as a company treasury. In recent years, several institutions, including Tether, SoftBank Group, and Donald Trump’s social media company, have followed suit with plans to hold crypto assets, with some companies shifting towards mainstream tokens such as Ethereum and Solana instead of Bitcoin. (Bloomberg)$BNB