Former Coral Capital executive to establish BNB reserve company Build&Build Corporation and raise $100 million

According to Bloomberg, Patrick Horsman, Joshua Kruger, and Johnathan Pasch, former executives of hedge fund Coral Capital Holdings, are pushing forward a $100 million fundraising plan to invest in Binance Taiwan Dollar BNB through their controlled Nasdaq listed company. The team plans to rename the listed company to Build& after completing fundraising this month; Build Corporation， And start establishing BNB reserves. This will become the first listed company to use BNB as its core reserve asset. Earlier yesterday, CZ responded to the expansion of the BNB market, emphasizing that BNB is not directly related to Binance.