BNB Makes Boardroom Buzz as Hedge Fund Giants Plan Massive Buy
A group of former hedge fund managers is making a big move that will change the crypto world: they are getting ready to make a historic $100 million investment in BNB, the native token of the Binance Smart Chain. This investment isn’t officially linked to Binance, but it could have giant effects on the token and the whole crypto market.
BNB Goes Corporate
Reports are coming in that three former hedge fund executives—Patrick Horsman, Joshua Kruger, and Johnathan Pasch—have taken over a company that is listed on the Nasdaq and are trying to raise $100 million to buy BNB as its main asset. Once the deal is done, the company, which has not yet been made public, will be known as Build and Build Corporation. The deal is likely to be done by the end of this month.
Changpeng Zhao, also known as CZ, the founder of Binance, tweeted about the news, comparing it to MicroStrategy’s bold purchases of Bitcoin. This tweet ignited the cryptocurrency community.
He said, “BNB ‘MicroStrategy’ is coming to a business near you!” CZ stressed that this project is not being pushed by Binance or him, but he was happy about it and stressed that BNB is a native coin of a public blockchain and is not tied to Binance Holdings or its centralized exchange.
The Trend of Token Treasuries
This strategy is similar to a growing trend in which companies turn their treasuries into crypto assets. MicroStrategy started this trend by buying a lot of Bitcoin. Most recently, they bought 245 BTC worth about $26 million. They now own more than 592,000 BTC, which is worth more than $41 billion. Other companies have followed suit because of this.
Donald Trump’s Truth Big companies like SoftBank and Tether, along with Social, are reportedly showing interest in crypto-based asset strategies. Some are investing in Ethereum and Solana as well. For example, SharpLink Gaming raised $463 million to buy ETH, while Upexi and Janover are buying Solana.
BNB itself has been around since 2017, when it was launched through an ICO to help Binance become the world’s largest exchange. At that point, the founding team got 80 million BNB tokens. In 2023, Binance had problems with regulators and had to pay more than $4 billion in fines, including CZ’s own $50 million fine. However, things have taken a positive turn. The U.S. Securities and Exchange Commission dropped its lawsuit against Binance in May 2025. This showed that more and more institutions are accepting crypto assets.
With BNB about to become the most important part of a public company’s balance sheet, the token may be entering a new era in which Bitcoin is no longer the only thing that companies use to manage their money.
Also read: Nano Labs Makes a $500 Million Crypto Power Play with BNB Treasury Push