PANews reported on August 25, according to The Block, that the investment firm focused on digital assets, B Strategy, announced plans to establish a BNB fund company listed on NASDAQ, aiming to raise $1 billion. The press release stated: 'The plan aims to operate through a publicly listed company in the United States, not only holding BNB as capital but also hoping to become the 'Berkshire Hathaway' of the BNB ecosystem.' The unnamed BNB fund management company under B Strategy will receive strategic support from YZi Labs. A representative from YZi Labs stated that YZi Labs will provide financial support for the project and ecosystem support to help it connect with partners.
B Strategy indicates that it will also leverage its extensive influence in the Asia-Pacific region to gain liquidity, market intelligence, and distribution, adding that several prominent Asian family offices have joined and become cornerstone investors. In addition to operating the BNB treasury, the company will invest funds and resources into core technology development, providing grants for projects, and supporting community programs. YZi Labs stated that the company's listing on NASDAQ and the $1 billion financing are expected to be completed in a few weeks.
