Binance’s CZ family office backs another BNB treasury launch in the US

B Strategy plans to follow the playbook of 10X Capital, which recently secured funding for a BNB treasury supported by YZi Labs.

B Strategy, a digital asset investment firm founded by former Bitmain executives, plans to launch a $1 billion crypto treasury focused on investing in BNB, the native token of the Binance ecosystem.

According to a Monday announcement, the new BNB (BNB) treasury is backed by YZi Labs, the family office of Binance co-founder Changpeng Zhao.

The new company will be structured similarly to 10X Capital, which recently launched a BNB treasury with YZi Labs’ support, a spokesperson for B Strategy told Cointelegraph.

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