Nasdaq firm eyes $100m BNB token accumulation plan: 📢📢💯
#bnb was born as a Binance loyalty token. Now, it’s being pitched as a corporate reserve asset, thanks to a $100 million play by former Coral Capital executives. Their soon-to-be-renamed Nasdaq firm, Build & Build Corporation, could legitimize BNB in ways Binance never could—or expose its deepest flaws.On June 23, Bloomberg reported that former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch are in “advanced talks” to raise $100 million through a Nasdaq-listed shell company they control.
The capital would be used to acquire Binance Token (BNB) en masse, positioning the token as a treasury reserve asset of the renamed firm, Build & Build Corporation. Investor materials reviewed in the report describe the strategy as a first-of-its-kind bid to turn a publicly traded company into a long-term BNB holding vehicle—a move directly inspired by Strategy’s Bitcoin (BTC) playbook.
The trio’s plan hinges on a critical distinction: BNB, while birthed by Binance, now operates independently as the native token of the BNB Smart Chain.#Write2Earn