Institutional crypto adoption is increasing as corporations diversify into digital assets to combat inflation.
Three former Coral Capital executives plan to raise $100 million through a Nasdaq-listed shell company to invest in BNB.
Build & Build Corporation will not purchase Bitcoin but will heavily invest in BNB, the native token of the BNB Chain.
Binance founder CZ Zhao confirmed awareness of the initiative but stated no involvement from Binance as BNB is a public blockchain token.
This move represents one of the first public company efforts to establish BNB as a reserve currency, following the MicroStrategy model in a different ecosystem.
Build & Build Corporation aims to become a long-term holder of BNB, banking on its strength in DeFi, infrastructure, and transaction utility.
Trading on BloFin now offers incentives such as a MacBook, Apple Vision Pro, or a $9,400 Rolex based on trading volume.