A group of hedge fund executives aims to raise $100 million to invest in BNB, similar to Michael Saylor's Bitcoin accumulation strategy.
Fundraising for BNB
According to Bloomberg, the initiative is being led by Patrick Horsman, Joshua Kruger, and Johnathan Pasch, who previously worked at Coral Capital Holdings. They intend to complete the fundraising this month and start accumulating BNB through a new entity called Build & Build Corporation.
Emulating Michael Saylor's Strategy
Build & Build Corporation will mimic MicroStrategy's Bitcoin allocation strategy, allowing Saylor's firm to accumulate over 592,000 BTC in the past five years, including a recent $26 million purchase last week.
Growing Interest in Digital Assets
BNB ranks fifth among cryptocurrencies by total value, with a market capitalization of $87.8 billion. In May, asset manager Standard Chartered predicted that BNB's price could more than double this year due to increased network activity.
The fundraising for BNB underscores the growing interest of investors in digital assets and the adoption of strategies previously used for Bitcoin accumulation.
