A new BNB treasury venture, Build & Build, is raising $100M to acquire BNB as a core asset, planning a Nasdaq listing, mirroring MicroStrategy's Bitcoin strategy.

BNB Treasury Takes Center Stage: $100M Raise and Nasdaq Listing

Get ready for a shake-up in the crypto world! A new venture focused on BNB is making waves with a bold strategy.

Build & Build: The New BNB Powerhouse

Build & Build Corporation, led by former Coral Capital execs, is aiming to raise a cool $100 million to accumulate BNB. Think of it as a BNB-centric MicroStrategy. This isn't just another crypto fund; it's a dedicated treasury vehicle for Binance's native token.

Nasdaq Dreams: Going Public Via Reverse Buyback

Here's where it gets interesting. Instead of the traditional IPO route, Build & Build plans to go public through a reverse buyback with a Nasdaq-listed company. Details are still under wraps, but this move could give them quicker access to capital and a credibility boost as they gobble up BNB.

CZ's Blessing (Sort Of)

Changpeng Zhao, the former Binance CEO, has weighed in, clarifying that BNB is a public blockchain native coin, independent of Binance. He supports the broader adoption of BNB. While Binance isn't directly involved, the increased visibility undoubtedly benefits the BNB ecosystem.

BNB: Beyond Bitcoin

This BNB treasury announcement signals a growing trend: corporate treasuries are looking beyond Bitcoin. With companies like SharpLink Gaming and DeFi Development Corp. holding Ethereum and Solana, BNB is joining the party. It seems institutional confidence in alternative crypto ecosystems is on the rise.

What's Next for BNB?

Build & Build's move could pave the way for similar BNB treasury models in other jurisdictions. Keep an eye on this space – it could reshape how institutions approach crypto assets.

Final Thoughts

So, there you have it. A $100 million raise, a Nasdaq listing, and a whole lot of BNB. The crypto world never sleeps, does it? It will be exciting to watch how this unfolds and whether Build & Build truly becomes the "BNB MicroStrategy" it aspires to be. Stay tuned, folks!