A group of former American hedge fund experts is planning a breakthrough as they want to make BNB, the native token of the Binance exchange, the first treasury asset of a publicly listed company on Nasdaq. This could be a historic move, opening an indirect pathway for stock market investors to access BNB.

The plan of the group of former experts and 'Build & Build Corporation'

According to #Bloomberg , three former partners of the hedge fund Coral Capital Holdings – Patrick Horsman, Joshua Kruger, and Johnathan Pasch – are working to raise 100 million USD through a company that is already listed on Nasdaq. They plan to restructure this company into a new entity named 'Build & Build Corporation', a play on words based on the meaning of BNB as Build and Build.

If the deal is successful, Build & Build will begin accumulating BNB as a key reserve asset in the treasury. This will mark the first time in history that a publicly listed company adds $BNB to its balance sheet, similar to how MicroStrategy (now Strategy) has accumulated Bitcoin.

CZ voices support and concerns about BNB

This information was quickly shared by Changpeng Zhao (CZ), the founder of Binance, on X. CZ revealed that many companies are researching BNB treasury strategies and made a hinting statement: 'A MicroStrategy version of BNB is about to appear at a company near you.' This assertion not only adds credibility but also indicates Binance's support for this strategic direction, a significant step in separating BNB from the image of being an 'internal token' of the exchange.

However, some analysts still warn that BNB has not completely escaped the shadow of Binance, especially after the 4.3 billion USD legal settlement with U.S. authorities in 2023. They noted: 'BNB is not BTC; it is still related to Binance at a legal level and market risk.'

BNB is currently the fifth largest token in the market with a market capitalization of approximately 93 billion USD and has recorded daily DEX trading volume on BNB Chain surpassing both Ethereum and Solana. Forecasts from CoinCodex also show that BNB could reach 921 USD by the end of 2025, an increase of over 48% from the current price.

The Build & Build deal comes amid a strong wave of businesses holding crypto as reserve assets, with listed companies currently holding a total of 834,779 BTC, equivalent to over 83.8 billion USD.