PANews reported on June 24 that according to Bloomberg, former executives of hedge fund Coral Capital Holdings, Patrick Horsman, Joshua Kruger and Johnathan Pasch, are promoting a $100 million fundraising plan to invest in Binance platform currency BNB through the Nasdaq-listed company they control. The team plans to rename the listed company to Build & Build Corporation after completing the fundraising this month and start building BNB reserves. This will become the first listed company to use BNB as its core reserve asset.

Earlier yesterday , CZ responded to the BNB market expansion, emphasizing that BNB has no direct connection with Binance.