Changpeng Zhao Teases ‘BNB MicroStrategy’ As Ex-Hedge Fund Executives Reportedly Seek To Test Michael Saylor’s MSTR Playbook
Ex-executives of a cryptocurrency hedge fund are reportedly aiming to raise $100 million to invest in the BNB (CRYPTO: BNB) token, in a move seen as replicating Michael Saylor’s Bitcoin (CRYPTO: BTC) treasury strategy.
What happened: Former executives of venture capital firm Coral Capital Holdings are behind the initiative, Bloomberg reported Monday, citing an investor document.
The report said that the fundraising is supposed to be completed this month, after which the accumulation of BNB tokens will start through a Nasdaq-listed company, soon to be renamed Build & Build Corporation.
Binance founder Changpeng “CZ” Zhao acknowledged the development on X, stating, “BNB ‘microstrategy’ coming to a company near you!”
However, he added that such initiatives were not driven by him or Binance …
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