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- #Gate Ranks Top 4 Exchange#
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- 🎁 Gate Alpha Airdrop Alert!
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MicroStrategy plan for BNB: a move of 100 million dollars is coming
A team of crypto-focused fund managers is in the process of creating a $100 million fund to buy out BNB tokens. The plan will be implemented through a publicly traded company listed on Nasdaq.
Former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch are the names behind this strategy. Documents shared with investors indicate that the company's name will be Build & Build Corporation and that the fundraising process is aimed to be completed within this month.
The BNB token was launched by Binance in 2017, and at that time, 80 million tokens were allocated to the company's founding team. At today's value, these assets are worth approximately 50 billion dollars.
The newly established Build & Build Corporation aims to be the first publicly traded company to add BNB to its treasury. According to a statement from the firm, this step will offer investors indirect access to the Binance ecosystem through the exchange.
The market value of BNB is approximately 87 billion dollars, and the token is widely used on the BNB Smart Chain while also providing discounts on transaction fees on Binance.
Published: June 24, 2025 13:58