Crypto execs plan BNB treasury

Bitcoin treasuries aren’t the only digital asset stockpiles making waves — crypto hedge fund executives from Coral Capital Holdings are reportedly raising $100 million to invest in Binance’s BNB (BNB) token.

Patrick Horsman, Joshua Kruger and Johnathan Pasch plan to complete the fundraising this month and begin accumulating BNB immediately, Bloomberg reported. The BNB treasury will be managed by a new entity called Build & Build Corporation, which will also file for a public listing on the Nasdaq stock exchange.

Horsman, Kruger and Pasch were part of Coral Capital, which was acquired by DNA Fund in 2024 for an undisclosed amount.