A group of hedge fund managers plans to raise $ 100 million to buy
Token through a shell company listed at NASDAQ.
The former partners of Coral Capital Holdings Patrick Horsman, Joshua Kruger and Johnathan Pasch aim to transform an anonymous public enterprise into Build & Build Corporation.
The company would then begin to accumulate BNB as its main asset in the treasure, reports Bloomberg.
If it is concluded, the agreement will mark the first time that a public enterprise has adopted BNB as a reserve currency, offering investors of indirect shares an exposure to the token.
This decision comes in the midst of an increasing trend in companies adopting bitcoin
and other cryptos such as Treasury reserve assets. The listed companies now hold around 834,779 BTC worth more than $ 83.8 billion, according to BitcoinTheries data.
