Mars Finance News: Three former Coral Capital Holdings executives, Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are advancing a plan to raise $100 million, intending to acquire and hold BNB tokens through a Nasdaq-listed company they control. Sources reveal that the company will be renamed Build & Build Corporation after the fundraising is completed and will officially begin establishing a Treasury centered on BNB. If successful, it will become the first listed company with BNB as its core reserve asset. This move is considered another evolution of "crypto Treasury" operations following Michael Saylor's Strategy's approach of using Bitcoin as a company Treasury. In recent years, multiple institutions including Tether, SoftBank Group, and Trump's social media company have followed crypto asset holding plans, with some companies shifting towards mainstream tokens like Ethereum and Solana. (Bloomberg)
Several former hedge fund executives plan to raise $100 million to create a BNB financial strategy listed company
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