Crypto experts are launching a treasury strategy for BNB with the goal of raising $100 million for initial purchases. This move underscores a significant focus on BNB as an asset.
Launch of BNB Strategy
Former Coral Capital executives have initiated a strategy using BNB coins, aiming to collect $100 million for purchases. A team of experts, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, is behind the creation of a BNB treasury company, which will be the first of its kind to offer mainstream exposure to BNB.
Funding Goals and Plans
To achieve this goal, the group plans a reverse buyback of an unidentified Nasdaq-listed company. Following the acquisition, it will be renamed Build&Build Corporation, reflecting the ethos of the Binance ecosystem. The company will then seek a $100 million financing round, repeating the model of other public companies announcing the accumulation of crypto assets.
Popularity Growth of BNB
Following the announcement, BNB increased by 2.4% to $624.46. The asset has demonstrated stability, encouraging long-term holding and staking. BNB is also among assets shortlisted for a potential ETF. Binance has recently ended a lengthy legal battle with US regulators, enhancing the perception of BNB in the market.
The BNB accumulation strategy opens new investment opportunities in cryptocurrency, which may lead to further increases in interest and prices of the asset.
