Crypto:
36638
Bitcoin:
$91.255
% 1.99
BTC Dominance:
%58.6
% 0.05
Market Cap:
$3.11 T
% 1.94
Fear & Greed:
28 / 100
Bitcoin:
$ 91.255
BTC Dominance:
% 58.6
Market Cap:
$3.11 T

BNB Treasury’s Big Move: $1 Billion Fundraising Target!

bnb

A new institutional initiative is on the horizon in the cryptocurrency sector. Led by former Bitmain executives, B Strategy has announced plans to establish a BNB treasury company that is expected to list on Nasdaq. The company has set a fundraising target of $1 billion for this initiative.

Berkshire Hathaway Vision

According to B Strategy’s press release, the project not only aims to hold BNB as a treasury asset but also seeks to become the “Berkshire Hathaway of the BNB ecosystem” through its U.S.-listed vehicle.

Strategic Backing from YZi Labs

The new venture will receive both strategic and financial support from YZi Labs, managed by Binance co-founders Changpeng Zhao and Yi He. YZi Labs plans to connect the project with the ecosystem, broaden its investor base, and provide capital support.

A YZi Labs representative stated:

“We expect the Nasdaq listing and the $1 billion fundraising to be completed within weeks.”

Strong Participation from Asia-Pacific

B Strategy will leverage its vast ecosystem in the Asia-Pacific region for liquidity, market intelligence, and distribution power. The company also revealed that several leading family offices in the region have already joined as anchor investors.

Strategic Plans

The new company will not only operate a BNB treasury but will also:

  • Invest in core technology development,
  • Provide grants for projects,
  • Support community initiatives.

A New Wave of Corporate Crypto Treasuries

Following Michael Saylor’s success with his Bitcoin-focused strategy, many companies have started building their own corporate crypto treasuries. While most initiatives concentrate on Bitcoin and Ethereum, there is now increasing attention on alternative assets such as BNB, Solana, XRP, and Dogecoin.

Most recently, BNC, a subsidiary of CEA Industries, purchased 200,000 BNB for $160 million, making it one of the largest publicly known holders of the cryptocurrency.

Current State of BNB

BNB, the native token of Binance, currently ranks as the fifth-largest cryptocurrency in the world with a market capitalization of $121.9 billion. In the last 24 hours, BNB has slipped by 0.22%, trading around $861.3.

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