Bitmain Veterans Launch BNB Treasury Company: Backed by CZ

B Strategy, a digital asset firm founded by former Bitmain executives, said in a Monday press release that it will launch a Nasdaq-listed BNB treasury company targeting a $1 billion raise. ‹ Backed by YZi Labs—the family office of Binance co-founder Changpeng Zhao—the initiative seeks to create a regulated vehicle for institutional exposure to BNB, Binance’s native token. CZ Backs B Strategy’s Capital Raise B Strategy’s structure will resemble 10X Capital, which raised $250 million last July with YZi Labs’ support to purchase and hold BNB as a reserve asset. According to the company, the new entity will collaborate with a US-listed partner through private placements, channeling capital directly into BNB holdings source: https://beincrypto.com/bitmain-veterans-launch-bnb-treasury-company-backed-by-cz/