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Crypto Hedge Fund Veterans are looking for $ 100m to buy BNB, imitating Saylor’s Bitcoin approach

cryptobizinvest.com June 23, 2025

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Crypto Hedge Fund executives have been reported to intend to raise $ 100 million to invest in Binance’s BNB token, in a step that is seen as the municipality of Michael Saylor’s bitcoin wealth approach.

The effort was led by Patrick Horsman, Joshua Kruger and Johnathan Pasch, who had previously served as executives in Coral Capital Holdings, Bloomberg reported Monday. Coral Capital is a venture capital firm obtained by DNA funds in 2024.

According to Bloomberg, executives plan to complete funding this month and start accumulating BNB (Bnb) by a newly formed creature called Build & Build Corporation, which aims to become a company listed in NASDAQ.

*BNB token is currently worth about $ 630. Source: Cointelegraph*

BNB is the fifth largest cryptocurrency by total amount, with market capitalization of $ 87.8 billion, according to CoinMarketCap. As a token of the Binance ecosystem, BNB acts as a utility token and the native asset of the BNB beacon chain.

In May, in May, Chartered by Asset Manager Standard Forecasting that BNB may be more than double in price this year due to increased network activity.

Taking a page outside of Michael Saylor’s Playbook Playbook

Bloomberg reports that the closely launched Build & Build Corporation will imitate Bitcoin of Microstrategy (Btc) Appointment strategy, which enables the firm led by Michael Saylor to accumulate more than 592,000 BTC in the last five years. It includes A fresh $ 26 million BTC purchase Last week despite geopolitical tensions.

Many public companies have adopted similar methods, adding bitcoin to their balance sheets and strengthening the growing amount of digital assets.

Japan’s Bitcoin Treasury Firm Metaplanet on Monday announced the further extraction of 1,111 BTC, bringing its total handling to 11,111 BTC.

In April, another Vehicle of getting bitcoin21 capital, emerged from theft with backing from major players including Cantor Fitzgerald, Softbank, Tether and Bitfinex.

Number Cointelegraph reportedTether and Bitfinex recently transferred $ 3.9 billion to BTC to the newly created firm.

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