Hedge fund execs are diving into BNB, mirroring MicroStrategy's Bitcoin strategy. A $100M raise aims to create a BNB treasury, signaling a bold move.

BNB Token Treasury Strategy: Hedge Funds Eye Michael Saylor's Playbook

The crypto world's buzzing about a new trend: hedge funds building BNB (Binance Coin) treasuries. Inspired by MicroStrategy's Bitcoin strategy, big players are making bold moves.

Hedge Funds Take a Shine to BNB

Reportedly, crypto hedge fund executives are aiming to raise a cool $100 million to invest in BNB. Patrick Horsman, Joshua Kruger, and Johnathan Pasch, formerly of Coral Capital Holdings, are leading the charge. Their plan? To create a BNB treasury through a new entity called Build & Build Corporation, with ambitions to list on the Nasdaq.

This strategy echoes Michael Saylor’s playbook, where accumulating a significant amount of a cryptocurrency becomes a core treasury strategy. Build & Build Corporation aims to emulate MicroStrategy’s Bitcoin (BTC) allocation strategy, which has enabled the firm to accumulate over 592,000 BTC.

Why BNB?

BNB, the fifth-largest cryptocurrency by market capitalization, isn't just any token. It's the backbone of the Binance ecosystem, serving as a utility token and the native asset of the BNB Beacon Chain. With increased network activity, some analysts predict BNB's value could more than double.

CZ's Take

Even Binance's former CEO, Changpeng “CZ” Zhao, has weighed in. CZ supports the idea of a BNB treasury. He mentioned other companies worldwide are exploring similar strategies. CZ clarified that Binance isn't directly involved but is supportive, emphasizing BNB's independence as a public blockchain native token.

The MicroStrategy Effect

The adoption of a Bitcoin treasury strategy by publicly traded companies, like Metaplanet, highlights a growing trend. This trend is not just about accumulating digital assets, it's about reinforcing their value proposition.

Final Thoughts

Will BNB become the next Bitcoin for corporate treasuries? It's an exciting prospect. As hedge funds and other entities jump on the bandwagon, we might just see a new era for BNB. Keep your eyes peeled – a “BNB MicroStrategy” might be coming to a company near you!