{"content":"🔥 BNB Goes Wall Street — $100M Treasury Fund Set to Launch on NASDAQ! Bloomberg said the investment will be made by a public business. The new BNB Treasury would emulate Bitcoin-focused enterprises like Strategy₿. BNB price rose after June 23's release. Bloomberg claims that a publicly traded corporation may soon have a BNB Treasury. Complete information on the major BNB investment are here. Hedge Fund Executives Raise $100M for BNB Treasury Bloomberg reported on June 23 that crypto hedge fund executives are in advanced discussions to raise $100 million for BNB token investments. The magazine said that plan₿, previously MicroStrategy, had a similar plan, bought Bitcoin in August 2020 and accumulating it despite market volatility. According to Bloomberg News' investor document, Patrick Horsman, Joshua Kruger, and Jonathan Pasch are former Coral Capital Holdings executives. After obtaining funds by June, the team plans to rebrand the NASDAQ-listed firm “Build & Build Corporation” and start collecting BNB tokens. First Company to Hold BNB as Treasury The same newspaper said that the business will be the first NASDAQ entity to have BNB as its principal treasury asset. Binance developed the BNB coin, formerly the Binance Coin, in 20217 via an ICO. The company's founding members, including former CEO CZ, received 80 million BNB worth approximately $50 billion on June 23, according to a 2017 whitepaper, Bloomberg reported. Binance was launched using ICO funds. Bloomberg first called BNB “a token linked to Binance Holdings Ltd.”, but CZ corrected via X that BNB is a public blockchain native currency, not “linked” to Binance or the Binance crypto exchange. However, he praised this endeavor and indicated that many firms worldwide intend to do similar, but none are pushed by him or Binance. However, he supported such actions. #CZ #BNB #NASDAQ $BNB #Binance ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/23/6549c7ad93884c5b9c7d34da8724925a.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}