Cryptocurrency Hedge Fund Execs Plan $100M Fundraise to Accumulate BNB via Nasdaq Company

A recent investor memorandum, reviewed by Bloomberg, highlights a strategic fundraising initiative led by prominent cryptocurrency hedge fund executives aiming to secure $100 million via a publicly traded vehicle under their control. This capital raise is intended to facilitate significant acquisitions of BNB tokens, aligning with a growing trend of institutional crypto investment strategies inspired by Michael Saylor’s Bitcoin Reserve approach. Key figures spearheading this effort include former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch, who are targeting a closing date within the current month. Following the capital raise, the unnamed Nasdaq-listed entity is expected to undergo rebranding as Build & Build Corporation, marking a strategic pivot towards focused cryptocurrency asset accumulation. This development underscores increasing institutional interest in diversifying portfolios with digital assets, particularly within the Binance ecosystem, reflecting broader market maturation and investor confidence in blockchain-based financial instruments.