Odaily Planet Daily News: Three former Coral Capital Holdings executives, Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are advancing a $100 million fundraising plan to acquire and hold BNB tokens through a Nasdaq listed company they control.
According to sources, the company will rename itself as Build&Build Corporation after the fundraising is completed and officially begin establishing a company treasure trove centered around BNB. If successfully implemented, it will become the first listed company to use BNB as its core reserve asset.
This move is considered an evolution of another type of "crypto vault" operation, following Michael Saylor's strategy to use Bitcoin as the company's vault. In recent years, several institutions including Tether, Softbank Group, Trump's social media company and others have followed up the crypto asset position plan, and some of them have turned to Ethereum, Solana and other non bitcoin mainstream tokens. (Bloomberg)
