A trio of former crypto hedge-fund hotshots are rolling up their sleeves to raise a whopping US $100 million to snap up BNB, the Binance token. Patrick Horsman, Joshua Kruger, and Johnathan Pasch — ex-leaders from Coral Capital Holdings — are spearheading the push to launch a fresh company, Build & Build Corporation, designed to hold BNB long-term. Their game plan? Take a leaf out of Michael Saylor’s book, but this time, the spotlight’s on BNB.
Image 1: (Source: Crypto News)
Why BNB and Not Bitcoin?
Now, BNB isn’t just some flash-in-the-pan crypto token. Sitting solid as the fifth biggest by market value, it boasts a market cap nearing $87-88 billion.It’s the engine room of Binance’s operations — greasing the wheels for fee cuts, payment perks, and running the show behind its decentralised apps. Think of it as the Swiss Army knife of the crypto world — versatile, handy, and built to last.
Why pick BNB over Bitcoin, though?Michael Saylor stirred the pot by hoarding more than half a million Bitcoins, treating them like his treasure chest — a digital gold rush he’s banking on. He’s kept his nerve and doubled down on Bitcoin even recently, sticking to a “hold tight and wait it out” mindset. Horsman and his mates reckon BNB is ready for a similar shot at glory — a token with muscle, but with more day-to-day use than Bitcoin’s pure store-of-value angle.
The big dogs are noticing too. Standard Chartered reckons BNB’s value could double this year as more people jump on the Binance bandwagon. Horsman’s crew believe BNB has plenty more gas left in the tank — and they’re ready to back it with cold, hard cash.
The $100 Million Raise and Nasdaq Plans
The plan is to wrap up the $100 million raise soon and start snapping up BNB in earnest. The endgame? Building a treasury of BNB coins to hold steady and then listing Build & Build Corporation on Nasdaq. This move will open the door for everyday investors to get in on the action without wading through the murky waters of crypto exchanges.
This isn’t a lone ranger effort either. It’s part of a bigger trend of big players putting serious coin into crypto. Japan’s Metaplanet has quietly piled over 1,100 BTC into its reserves, taking its total stash to more than 11,000 Bitcoin. Another outfit, 21 Capital, raised a tidy $100 million from backers like SoftBank and Tether — proving the whales are making waves under the radar. This tells us one thing loud and clear: holding crypto isn’t just gambling; it’s a strategic bet that many big fish are taking seriously.
Ex-Coral Capital execs plan $100M $BNB investment via Nasdaq firm
Former Coral Capital executives Patrick Horsman, Joshua Kruger and Johnathan Pasch are close to raising $100 million to buy BNB tokens through a Nasdaq-listed company they control, according to @Bloomberg.…
— CoinNess Global (@CoinnessGL) June 23, 2025
A Mixed Bag of Moves in the Corporate World
But it’s not all smooth sailing. Giants like Amazon, Meta, and Microsoft have so far given crypto treasuries a miss. They’re sitting on the sidelines, wary of the risks, saying it’s flashy but fraught with uncertainty. On the flip side, some companies are stepping into the spotlight, figuring it’s better to hedge their bets on digital assets now rather than get caught off guard later.
BNB’s muscle isn’t just built on smoke and mirrors; there’s real backbone behind the buzz. It’s deeply woven into Binance’s ecosystem, delivering real-world perks — from trading fee discounts to a playground for developers building decentralised apps. It’s a well-oiled machine, not a passing fad. The more users it attracts, the more demand for BNB, which could send its value soaring — something investors are keeping a close eye on.
Image 2: (Source: CoinJournal)
Regulatory Scrutiny and Challenges Ahead
Of course, with big money comes big scrutiny. Regulators around the globe have their eye on BNB. A huge institutional treasury holding would shine an even brighter spotlight on the token, inviting closer watch from regulators. That means Horsman and his team will have to be on the ball with compliance and legal matters — no shortcuts, no slip-ups.
Building Build & Build Corporation is no walk in the park. They’ll need to nail down the $100 million, meet Nasdaq’s strict requirements, and buy BNB in a way that doesn’t ruffle feathers. Once they’re public, transparency will be key — keeping investors updated with clear reporting and open communication.
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If they pull it off, the upside could be massive. Imagine having a regulated vehicle listed on Nasdaq that lets everyday investors tap into BNB’s growth without mucking around in crypto wallets or dodgy exchanges. If BNB doubles in value, those investors stand to reap serious rewards.
