- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Venture targets $100M for BNB purchase.
- Aspiration to list on Nasdaq fuels interest.
Patrick Horsman, Joshua Kruger, and Johnathan Pasch, former Coral Capital executives, plan a treasury venture to raise $100 million for Binance Coin (BNB) investment via Build & Build Corp, aspiring to a Nasdaq listing.
Former Coral Capital leaders aim to replicate the MicroStrategy BTC model with a BNB-focused treasury strategy. Their decision could reshape market approaches to crypto holdings.
Patrick Horsman, Joshua Kruger, and Johnathan Pasch, experienced in hedge funds and venture capital, lead this new initiative. They plan to raise $100 million through Build & Build Corporation, targeting BNB as their primary asset.
The move may increase pressure on BNB’s price, adding potential value. Hedge funds could follow suit, modeling after the strategy’s outcome. Market dynamics could shift as Build & Build Corp ventures into BNB accumulation.
Drawing parallels with MicroStrategy’s BTC investments, Build & Build’s ambitions could drive a wider adaptation of crypto on corporate balance sheets. BNB may gain institutional adoption similar to BTC’s journey.
Johnathan Pasch, Co-founder, Build & Build Corporation, said, “Looking at previous treasury strategies, we see immense potential in BNB as a stable investment.”
Analyses suggest these actions could influence regulatory approaches to crypto holdings, although official commentary is pending. The strategy’s success may prompt broader industry adjustments involving BNB and treasury models.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
