Jiang Zhuoer: Sold BNC stock tokens before the US stock market opened, and plans to buy them back after a price dip.
49 minutes ago
Jiang Zhuoer, founder of ViaBTC Mining Pool, posted that he has sold BNC stock ahead of the US stock market opening. He said, "This stock has seen a significant on-chain rally over the weekend, and it will definitely drop once US markets open, so I will buy back after it falls for a while." On September 18, Jiang outlined the investment logic for BNCB: holdings of BNCB have risen again, reaching $17.28 million. In the comparative data he cited, this scale exceeds related positions of Coinbase and MSTR, and is close to that of Tesla. He believes BNCB provides exposure to BNB at roughly a 58% discount. BNC is a BNB treasury company controlled by Binance, while BNCB is Binance’s bStock token corresponding to BNC. He argues that Binance launched BNCB to channel crypto market funds to BNC listed on US stocks, creating a "crypto-stock flywheel" similar to MSTR. He noted that BNB’s current total market cap is around $94 billion, while BNC’s market cap is only about $220 million. If 1% of BNB’s buyer funds shift to BNC, it could erase the current discount. So far, crypto market funds have bought $17.28 million worth of BNCB and $5.29 million worth of BNC4, totaling $22.57 million, accounting for roughly 10% of BNC’s total market cap.
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U.S. stocks rise in pre-market trading, with crypto-related stocks rallying sharply; MSTR gains nearly 6% while BNC climbs 8.7%.
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