RESERVE FUND #BNB_Market_Update #bnb

Here are the main developments

Originating from Coral Capital Holdings, an investment consulting company in the USA established in 2019, specializing in advising investments in small and medium-sized enterprises

- And now 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 fundraising by June 2025.

This is CZ's opinion:

@CZ (former CEO @Binance) referred to this as 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 asserted 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 the value has been recognized even without the participation of Binance or CZ.

Will #BNB reach the target of 1000 by the end of the year?

NOTE: A group of American hedge fund experts plans to raise 100 million USD to buy BNB through a company listed on Nasdaq, expected to be renamed Build & Build Corporation.

Wall Street bets 100 million USD on BNB, a test

MEANING: It's just a plan; whether they can raise 100 million and buy at what price is a completely different matter.

CZ also said something ambiguous, in general, it should be considered.