BNB is About to Have Its Own "Reserve" Worth 100 Million USD – Who is Behind This Bold Plan?

A group of former leaders of the investment fund Coral Capital Holdings is looking to raise $100 million to establish the first public company to hold BNB – the world’s fifth-largest cryptocurrency.

According to Bloomberg, the trio of Patrick Horsman, Joshua Kruger, and Johnathan Pasch will carry out the deal through Build & Build Corporation, a shell company they control. After raising sufficient capital, the company will change its name and begin accumulating BNB as its main asset. The “coin accumulation” strategy of listed companies is increasingly expanding. Since Mr. Trump’s victory in the 2024 election, many public companies in the U.S. have begun to view cryptocurrencies as strategic assets, especially Bitcoin. Projects like Twenty One ( backed by Tether Holdings ) or Nakamoto Holdings are implementing a “BTC accumulation” model similar to MicroStrategy. However, the new trend is expanding to other major coins such as Ethereum, XRP, Solana… In particular, Justin Sun’s Tron is also preparing to penetrate the US market through a reverse merger with SRM Entertainment. BNB is listed on the stock exchange through Build & Build If the deal is successful, Build & Build will become the first publicly traded company to hold BNB in its treasury, allowing investors to indirectly access the Binance ecosystem. BNB – originally issued through an ICO in 2017 by Binance – currently has a price of about 623 USD, up 2% in the last 24 hours according to data from CoinGecko. This move marks a turning point, as the cryptocurrency investment strategy has gone beyond Bitcoin and expanded into other major assets within the crypto ecosystem.