Build & Build Corporation Targets $100 Million for BNB Investment

A new crypto fund, Build & Build Corporation, has set its sights on Binance’s prominent exchange token, BNB, aiming to build a substantial portfolio within the digital asset space. The firm is targeting to raise $100 million in funding to drive its investment strategy, with plans to complete the fundraising and commence BNB accumulation during the current month. This rapid deployment of capital into the market underscores the fund's aggressive approach to capitalizing on the growing interest in BNB.

The fund's ambitious strategy includes plans to go public through a strategic reverse buyback involving an unidentified Nasdaq-listed company. This move is designed to provide broader market access and institutional visibility, aligning with the broader trend of crypto funds seeking traditional financial market legitimacy. The pursuit of a Nasdaq listing is a strategic move to enhance the fund's credibility and accessibility, providing exposure to a broader range of investors, including institutional players who may be more cautious about investing in crypto assets.

Build & Build Corporation will be led by a team of veteran executives, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, who bring considerable industry expertise to the venture. Their previous firm, Coral Capital, established in 2021, was acquired by DNA Fund in 2024, adding layers to their collective experience. Notably, former Binance CEO Changpeng Zhao has commented on this new initiative, referring to Build & Build as a ‘BNB “microstrategy”‘, while simultaneously clarifying that the Binance exchange maintains no direct affiliation with the plan.

The decision to target BNB reflects the token's strong performance and its role as a key player in the Binance ecosystem. BNB has been used for various purposes within the Binance platform, including trading fee discounts, participation in token sales, and as a medium of exchange. Its utility and the backing of Binance Holdings Ltd. make it an attractive investment option for the new fund. The fund's focus on BNB and its pursuit of a Nasdaq listing come at a time when the crypto market is experiencing increased regulatory scrutiny and market volatility. However, the fund's strategy to invest in a token with strong utility and a robust ecosystem, coupled with the potential for a Nasdaq listing, positions it well to navigate these challenges. The fund's approach underscores the growing maturity of the crypto investment landscape, where funds are increasingly looking for ways to integrate with traditional financial markets and provide investors with more stable and regulated investment options.