According to BlockBeats, a team of executives from a crypto hedge fund is in advanced discussions to raise $100 million through a publicly traded company they control, with the aim of investing in BNB. This initiative follows the blueprint established by Michael Saylor's Strategy for Bitcoin reserves.
The investor document reviewed by Bloomberg reveals that former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch are leading this effort. They plan to complete the fundraising this month and subsequently rename the unnamed Nasdaq-listed company to Build & Build Corporation, beginning the accumulation of BNB tokens.
