Web3 venture capital Coral Capital has raised 100 million USD to create a "BNB version of MicroStrategy".

The former senior executives of Web3 venture capital fund Coral Capital Holdings are reportedly preparing to raise $100 million to replicate the MicroStrategy (Strategy) Bitcoin reserve model, creating a BNB reserve listed company.

Three senior hedge fund executives have switched from Coral Capital to a new battlefield.

According to a report by Bloomberg, three former senior executives of Coral Capital are in talks to raise $100 million and plan to use a publicly listed company under their name, which has not yet been disclosed, to acquire the platform coin BNB of the well-known exchange Binance (. According to CoinGecko, the current market capitalization of BNB has reached $93.6 billion.

After completing the fundraising, they plan to rename the company to "Build & Build Corporation" and will directly include BNB in their balance sheet, making it a core reserve asset. It is understood that the three will complete the fundraising by the end of June and begin acquiring BNB.

Not only BTC, but ETH, SOL, and TRX are also included in the corporate reserve strategy.

Initially, the corporate reserve strategy was primarily based on Bitcoin reserves led by MicroStrategy )Strategy(, but recently, many companies have turned to other cryptocurrencies:

US online gaming company SharpLink: spent a total of $460 million to enter the Ethereum )ETH( strategic reserve.

Upexi: The total reserve of SOL has reached 100 million USD.

Janover ) is now DeFi Dev Corp. (: the total reserve of SOL has reached 97 million USD.

Entertainment company SRM: Tron founder Justin Sun directly invested 100 million USD in SRM with TRX and will use TRX as corporate reserves.

Cryptocurrency meme stocks have become a new battlefield for coin traders, with an average maximum increase reaching 438%.

With the stablecoin USDC issuer Circle going public in the US, MicroStrategy )Strategy( pioneered corporate crypto reserves, and many companies have followed suit, using cryptocurrencies as a primary reserve and going public. Moreover, most "crypto meme stocks" saw several times the initial increase, which is even more impressive than the gains in cryptocurrencies.

According to the report on 6/17, the average highest price increase of 30 US-listed cryptocurrency companies reached approximately 438%.

In contrast, the total market value of cryptocurrencies has only increased by 51% this year. It can be seen that the potential for growth in "crypto meme stocks" is extremely strong.

) Crypto meme stocks have become a new battlefield for coin traders! How to buy and sell virtual currency concept stocks through delegated trading or overseas brokers? (

This article discusses Web3 venture capital Coral Capital raising 100 million USD to create the 'BNB version of MicroStrategy', which first appeared in Chain News ABMedia.