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The Krypto Hedge fund management is reportedly trying to get $ 100 million for investing in the BNB Binance token, a move that is considered to be mirricated by the Ministry of Bitcoin’s strategy Michael Sayl.
Efforts lead Patrick Horsman, Joshua Kruger and Johnathan Pasch, who previously served as managers Coral Capital Holdings, Bloomberg reported Monday. Coral Capital was the company’s risk capital obtained DNA In 2024.
According to Bloomberg, managers plan to complete fundraising this month and start accumulating BNB (BNB) through the newly created entity called Build & Build Corporation, which seeks to become a company on the NASDAQ list.
According to Coinmarketcap, BNB is the fifth largest cryptocurrency according to the total value with a market capitalization of $ 87.8 billion. As a token of the binance ecosystem, BNB acts as a utility token and a native BNB lighthouse chain.
In May, Assets Manager Standard Chartered The forecast that BNB could more than double the price for increased network activities this year.
Removing a page from the strategic book of Michael Saylor’s strategy
Bloomberg said the soon running company Build & Build Corporation emulates bitcoins Microstrategy (BTC) Strategy of allocating that allowed a company led by Michael Saylor over the past five years to accumulate more than 592,000 BTC. This includes Fresh BTC purchase of $ 26 million Last week despite geopolitical tension.
Several publicly traded companies received similar approaches, added bitcoins to their balance sheet and strengthened the offer of the growing value of digital asset.
Japanese Best Bitcoin Ministry of Finance On Monday, the metaplanet announced another acquisition of 1,111 BTC, thus increasing its total share to 11 111 BTCs.
In April another Acquisition vehicle Bitcoins21 capital, based on secrecy with the support of the main players, including Cantor Fitzgerald, SoftBank, Tether and Bitfinex.
As Cointlelegraph reportedTether and Bitfinex have recently moved $ 3.9 billion in BTC to a newly created company.
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Related: Bitcoin as a business treasury: Why Meta, Amazon and Microsoft All Said no
