Hedge Fund Veterans Plan $100M BNB Treasury Bet

The move comes amid a growing trend of corporations adopting bitcoin and other cryptocurrencies as treasury reserve assets. A group of hedge fund executives are planning to raise $100 million to buy Binance’s BNB$641.64 token through a Nasdaq-listed shell company. Former Coral Capital Holdings partners Patrick Horsman, Joshua Kruger and Johnathan Pasch aim to transform an unnamed public firm into Build & Build Corporation. The company would then begin accumulating BNB as its primary treasury asset, Bloomberg reports. If completed, the deal would mark the first time a public company adopts BNB as a reserve currency, providing stock investors indirect exposure to the token. The move comes amid a growing trend of corporations adopting bitcoin BTC$105,314.26 and other cryptos as treasury reserve assets. Publicly-listed companies now hold an estimated 834,779 BTC worth more than $83.8 billion, BitcoinTreasuries data shows. Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold. https://www.coindesk.com/markets/2025/06/23/hedge-fund-veterans-plan-100m-bnb-treasury-bet #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple