Crypto hedge fund officials aims to raise $ 100 million to allegedly invest in BNB tokens of Benance, with Michael Solar Bitcoin Treasury Strategy as Mirroring at one step.
The attempt is led by Patrick Horseman, Joshua Krurgar and Jonathan Pasch, who previously served as officials of Coral Capital Holdings, Bloomberg. Informed monday. Coral Capital was an enterprise capital firm acquired by DNA Fund in 2024.
According to Bloomberg, the authorities have planned to fulfill the funding this month and started depositing BNB (BNB) through a newly formed unit called Build and Build Corporation, which tries to become a NASDAQ-listed company.
According to coinmarketcap, BNB is the fifth largest cryptocurrency from total value, with market capitalization of $ 87.8 billion. As a token of the binance ecosystem, BNB serves as a native property of a utility token and BNB beacon series.
In May, the asset manager Standard Chartered forecasts that BNB may exceed this year’s price because network activity has increased.
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Michael Sayler’s strategy take a page from playbook
Bloomberg reported that the Bitcoin (BTC) allocation of the soon to be launched the Build and Build Corporation Microstratory has been imitating the strategy, which has enabled the Michael Sayler -led firm to accumulate more than 592,000 BTC in the last five years. This includes the purchase of $ 26 million BTC last week despite geopolitical tension.
Many publicly trading companies have adopted a similar approach, adding bitcoins to their balance sheet and strengthening the increasing price proposal of digital assets.
Japan’s top bitcoin treasury firm Metaplanet announced the additional acquisition of 1,111 BTC on Monday, making its total holding 11,111 BTC.
In April, another bitcoin acquisition vehicle, 21 Capital, Cantor Fitzgerald, SoftBank, Tether and Bitfinex emerged secretly with support from key players.
As Cointelegraph reported, Tether and Bitfinex recently shifted $ 3.9 billion to the newly created firm in BTC.
https://www.youtube.com/watch?v=jtzg-ijdfwc
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