Exchange Binance co-founder Changpeng Zhao (CZ) said he has a corporate interest in the accumulation of cryptocurrency created by the platform. In a publication held on June 23rd on X, Zhao wrote:
CZ’s comments come after it was discovered that a group of executives is leading the initiative. We raise $100 million to acquire BNB tokens. This is a former member of Patrick Horseman, Joshua Kruger, Jonathan Pash, and Coral’s capital.
Bloomberg reports that the group will acquire BNB through an existing company on Wall Street. This is famous as Build & Build Corporation.
In addition to this, Nano Labs, a Chinese-based company and NASDAQ quote under NATICET, has released a press release with the announcement of a deal to issue convertible memos for a total of $500 million. It is being directed towards the acquisition of BNB.
According to the company, they have an initial plan to assess the security and value of BNB Earn up to $1 billion with that token. In the long term, the goal is to maintain between 5% and 10% of the BNB circulation supply. This amounts to over 140 million.
The Nano Labs statement does not explicitly mention the name change, but does not confirm a direct link with So-Called Build & Build Corporation, but the announcement has raised the agency’s interest. To integrate BNB into corporate financial strategies.
In general, corporate interest in integrating BNB into the Treasury Department, as reported by Cryptootics, emulates the systematic purchases of Bitcoin (BTC) over the years by the American company strategy, serving as an example of dozens of companies around the world.
Zhao says that Binance does not participate in this process directly And he says so far, the companies that want to accumulate BNB have not been promoted either by him or by the exchange team. “But we provide great support,” he said.
In this way he makes it clear, despite being created by Binance as a utilitarian token to get a discount for the Trade Commission. BNB is the native currency of public decentralized networks, and in his words he is no longer linked to Binance.