Investment firm B Strategy, created by former top managers of Bitmain, announced plans to create a crypto reserve of $1 billion. The company will focus on purchasing and storing $BNB — the native token of the Binance ecosystem.

The project was supported by the family office YZi Labs, which belongs to Changpeng Zhao (CZ), co-founder of Binance.

The B Strategy model will be similar to the recent launch of the BNB reserve by 10X Capital, which, with the support of YZi Labs, raised $250 million to accumulate cryptocurrency as a long-term reserve.

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