Former Coral Capital executive plans to raise $100 million to establish BNB reserves

ChainCatcher news, according to Bloomberg, former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch plan to raise $100 million to establish a BNB reserve through their publicly listed company on Nasdaq and rename the company to Build \& Build Corporation. Once the fundraising is completed, the company will become the first publicly listed company with BNB as its core reserve asset.

Previously, Zhao Changpeng stated in response to the expansion of the BNB market that BNB has no direct connection to Binance.