Summary
- Former cryptocurrency hedge fund executives have announced they are considering raising an investment fund of about $100 million to accumulate BNB on a large scale.
- Former Coral Capital executives, including Patrick Horsman, have established a corporate entity, ‘Build and Build Corporation’, and plan to complete the fundraising within this month.
- As of 5:50 PM on the 23rd, BNB was trading at $647.99 on the Binance USDT market, up 0.73% from the previous day.
Former cryptocurrency hedge fund executives are reportedly considering raising an investment fund of about $100 million (USD) to buy Binance’s native token, BNB, on a large scale.
According to investment documents reviewed by Bloomberg on the 23rd (local time), Patrick Horsman, Joshua Kruger, and Jonathan Pash—former executives at Coral Capital—have established a corporate entity called ‘Build and Build Corporation’ for this plan.
They intend to complete the fundraising within this month and will begin full-scale BNB purchases. Meanwhile, as of 5:50 PM, BNB was trading at $647.99 on the Binance USDT market, up 0.73% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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