A group of ex-crypto hedge fund executives, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are raising $100M via a Nasdaq-listed firm to buy BNB, Binance’s native token. The company, soon to be renamed Build & Build Corporation, will become the first public firm to list it as a primary asset.
Binance founder Changpeng Zhao (CZ) reacted on X, noting that while Binance isn’t behind the move, he’s fully supportive. “BNB is a public blockchain native coin, not linked to Binance Holdings,” CZ clarified. He also joked about a “BNB MicroStrategy,” referencing Michael Saylor’s Bitcoin-heavy firm.
This trend of public companies hoarding crypto began with MicroStrategy and is gaining traction, with firms like SharpLink, Upexi, and Janover stockpiling Ethereum and Solana. Even Truth Social and Tether have joined the movement.
Launched in 2017, remains a major digital asset despite Binance’s legal troubles in 2023. With the SEC dropping charges in 2025 and renewed U.S. crypto interest under Trump, the landscape for corporate crypto reserves appears stronger than ever.
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