A significant new player is emerging within the cryptocurrency investment landscape as former executives from Coral Capital Holdings prepare to launch an ambitious crypto treasury venture.
This new firm specifically targets Binance’s prominent exchange token, BNB, aiming to build a substantial portfolio within the burgeoning digital asset space. Bloomberg exclusively reported these critical developments on Monday, revealing a bold strategy to secure significant capital for this endeavor.
Strategic Funding and Public Ambitions
The newly formed entity, aptly named Build & Build Corporation, has set an ambitious target to raise $100 million in funding to propel its investment strategy. Executives anticipate completing their fundraising efforts and commencing BNB accumulation during the current month, signifying a rapid deployment of capital into the market. Furthermore, the company harbors substantial public ambitions, planning to go public through a strategic reverse buyback involving an unidentified Nasdaq-listed company, indicating a clear path toward broader market access and institutional visibility.
Veteran Leadership and Industry Commentary
Build & Build Corporation will operate under the seasoned leadership of former Coral Capital executives, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, bringing considerable industry expertise to the venture. Their previous firm, Coral Capital, established in 2021, itself underwent a significant transition, having been acquired by DNA Fund in 2024, adding layers to their collective experience. Notably, former Binance CEO Changpeng Zhao has already commented on this new initiative, referring to Build & Build as a ‘BNB “microstrategy”‘, while simultaneously clarifying that the Binance exchange maintains no direct affiliation with the plan.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/new-crypto-fund-eyes-bnb-pursues-nasdaq-listing/