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Benzinga
Benzinga
Business
Aniket Verma

Changpeng Zhao Teases 'BNB MicroStrategy' As Ex-Hedge Fund Executives Reportedly Seek To Test Michael Saylor's MSTR Playbook

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Ex-executives of a cryptocurrency hedge fund are reportedly aiming to raise $100 million to invest in the BNB (CRYPTO: BNB) token, in a move seen as replicating Michael Saylor's Bitcoin (CRYPTO: BTC) treasury strategy.

What happened: Former executives of venture capital firm Coral Capital Holdings are behind the initiative, Bloomberg reported Monday, citing an investor document.

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