New $100M Firm to Adopt ‘Saylor’s Strategy Playbook’ for BNB
The post New $100M Firm to Adopt ‘Saylor’s Strategy Playbook’ for BNB appeared on BitcoinEthereumNews.com.
Former Coral Capital executives aim to raise $100M via a Nasdaq shell company to accumulate BNB as a treasury asset. VanEck recently filed for the first-ever BNB ETF in the US, including staking rewards. Technical indicators suggest short-term downside risk for BNB, but long-term fundamentals are strengthening rapidly. A new venture led by three former Coral Capital executives, Patrick Horsman, Joshua Kruger, and Jonathan Pasch, is raising $100 million to create a publicly-traded company that will accumulate BNB tokens as its primary treasury reserve asset. The move mirrors the well-known Bitcoin strategy of Michael Saylor’s company, Strategy, and signals growing institutional interest in major Layer 1 tokens beyond Bitcoin and Ethereum. The new company, to be named Build & Build Corporation, will be formed through a Nasdaq-listed shell company. While Binance founder Changpeng Zhao (CZ) clarified on X that he has no direct involvement, the development could serve as a catalyst for other corporations to consider BNB as a reserve asset. VanEck’s Staking ETF Adds to Institutional Narrative The push for a corporate BNB treasury coincides with progress on a regulated investment product for the asset. Last month, asset manager VanEck filed for a BNB exchange-traded fund (ETF) in the United States. Related: Binance Introduces Emergency Contact System as CZ Calls for Industry-Wide ‘Will Functions’ If approved, the fund would track the price of BNB and, notably, would be the first of its kind in the U.S. to include staking rewards passed on to investors. This feature gives BNB an added layer of financial utility that Bitcoin lacks. Hopes for approval have risen under the SEC’s current leadership. BNB Technical Price Analysis From a technical perspective, the price of BNB currently trades at $639.14, struggling to regain momentum after recently trading above $680. Several key indicators reveal a potential path…
Filed under: News - @ June 25, 2025 5:16 am