A group of hedge fund managers plan to collect $ 100 million to buy Binance’s
Token through a nasdaq-listed Shell Company.
Former Coral Capital Holdings partners Patrick Horsman, Joshua Kruger and Johnathan Pasch aim to transform a named public company into Build & Build Corporation.
The company would then begin to accumulate BNB as its primary Treasury asset, Bloomberg reports.
If it is completed, the agreement will mark the first time that a public company adopts BNB as a reserve currency, providing stock investors indirectly exposure to the token.
The move comes in the midst of a growing tendency for companies adopting Bitcoin
And other cryptos such as state reserve assets. Public noted companies have now estimated 834,779 BTC worth more than $ 83.8 billion, BitCintreasuries data shows.
