Former Hedge Fund Executives Launch $100 Million BNB Initiative
Former executives from Coral Capital Holdings – Patrick Horsman, Joshua Kruger, and Johnathan Pasch – are leading a $100 million initiative focused on Binance’s BNB token. The move follows Michael Saylor’s Bitcoin treasury strategy, reflecting growing corporate interest in cryptocurrency holdings.
New Entity Targets Nasdaq Listing
The group plans to complete fundraising this month through Build & Build Corporation, a new entity that will accumulate BNB and seek a Nasdaq listing. This bridges traditional finance and cryptocurrency markets.
BNB’s Strong Market Position
Currently valued near $630, BNB ranks as the fifth-largest cryptocurrency with an $87.8 billion market cap. It serves dual roles as both a utility token in the Binance ecosystem and native asset of the BNB Beacon Chain.
Positive Price Forecasts
Standard Chartered analysts predict BNB could more than double in value this year, citing increased network activity. This bullish outlook reflects confidence in the token’s fundamentals.
Following MicroStrategy’s Lead
The strategy mirrors MicroStrategy’s approach to Bitcoin, where the company accumulated over 592,000 BTC as a treasury asset. Public companies increasingly view cryptocurrencies as viable balance sheet options.
