Build & Build Corporation aims for Nasdaq - raising 100 million USD to establish a reserve fund $BNB
Originating from Coral Capital Holdings, an investment consulting firm in the USA established in 2019, specializing in advising investments in medium and small companies
- Currently, their former executives, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, have established a new entity named "Build & Build Corporation" with the goal of raising 100 million USD to accumulate token #BNB , following the model of Michael Saylor at MicroStrategy.
- Build & Build Corporation aims to list on #Nasdaq through a reverse buyback transaction, expected in the near future after completing the capital raise by June 2025.
- @CZ (former CEO @Binance) has called this a "BNB 'microstrategy'" but emphasized that $BNB is the native currency of the public blockchain, not directly linked to Binance Holdings Ltd or the Binance exchange. He asserts that there will be many companies around the world holding BNB, but none that CZ is directly involved with.
- This is a statement about the value of BNB as well as BNB Chain, that it does not depend on an organization and its value has been recognized even without the participation of Binance or CZ
