A group of former Bitmain executives has formed B Strategy, a digital-asset investment vehicle that intends to establish a Nasdaq-listed BNB Treasury Co. The new entity is seeking to raise up to $1 billion to acquire and manage Binance Coin (BNB) and related assets, according to multiple statements on 25 August. YZi Labs, the investment firm led by Binance founder Changpeng “CZ” Zhao, will provide strategic support but will not lead the financing, the backers said. B Strategy expects to complete the capital raise and listing within the next few weeks, positioning the vehicle as a cornerstone investor in projects across the BNB ecosystem.