U.S.-listed BNC’s pre-market market value stands at $240 million, with its BNB holdings valued at approximately $390 million, far exceeding its market capitalization.
1 hours ago
According to BIT (bit.com) market data, BNB Treasury Company BNC (CEA Industries), a U.S.-listed stock, saw its pre-market rally pull back to 70%, with its pre-market price now at $5.9 and current market capitalization around $240 million. Additionally, as of April 30, 2026, it disclosed holding 515,500 BNB, worth approximately $390 million. For a company with a market cap of roughly $240 million, its asset value far exceeds its valuation. Furthermore, from December 2025 to June 2026, a conflict erupted between YZi Labs, the company’s asset manager 10X Capital, and its board of directors. YZi accused the other parties of deviating from the BNB strategy, mismanagement, and conflicts of interest, and launched a consent solicitation, which was once dubbed by the public as a "coup to take over BNC’s board". On June 23 and 24, 2026, the two sides signed a cooperation agreement to formally end the proxy fight. Three new directors were appointed, including YZi partner Alex Odagiu who assumed the role of interim president, and YZi withdrew its consent solicitation. To onlookers, this was a "reconciliation". For more coverage, see "The Short Squeeze Narrative Hits BNB Chain: What’s the Logic Behind Surging 4Stock?"
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