江卓尔：BNC当前mNAV约49%，已在4.5美元附近买入5% 仓位

Odaily News, Jiang Zhuoer, founder of LakeBTC Mining Pool, posted on X that he has purchased approximately 5% of his position in BNC at around $4.5 and plans to buy more if the price continues to decline to average down his cost.

Jiang Zhuoer stated that BNC's current mNAV is approximately 49%. The company holds about $400 million in BNB, while its current market cap is less than $200 million, effectively gaining exposure to its BNB assets at roughly a 50% discount. Additionally, if BNC forms a positive feedback loop with Meme-related trading in the future, it could bring additional upside potential.

Jiang Zhuoer also cautioned that BNC is highly volatile and does not recommend participating via futures contracts. He personally borrowed USDC by collateralizing ETH and directly purchased BNC spot through Binance bStock.

According to MSX data, BNC fell 15.62% in U.S. stock trading and was quoted at $4.45 in after-hours trading. Additionally, per GMGN data, the BSC on-chain token BNC4 is currently trading at $5.78, representing a premium of approximately 29.9% over BNC's underlying stock.

For the latest developments and analysis on BNC, please read "With YZi Labs Back in Control, BNB Treasury Company CEA Industries Appears Undervalued".