A group of coverage fund executives plans to raise $ 100 million to buy Binance’s
Token through a Shell company that lies in Nasdaq.
The former members of Coral Capital Holdings Patrick Horsman, Joshua Kruger and Johnathan Pasch aim to transform an unnamed public company into Build & Build Corporation.
The company would begin to accumulate BNB as its main treasure asset, reports Bloomberg.
If completed, the agreement would mark the first time that a public company adopts BNB as a reserve currency, which provides shares of indirect exposure to Token.
The measure is produced in the middle of a growing trend of corporations that adopt Bitcoins
and other crypts as treasure reserve assets. Companies that quote on the stock market now have an estimate of 834,779 BTC for a value of more than $ 83.8 billion, according to Bitcointreeuries data.
