BNC is now $6.86, BNB is $776.
Based on the current roughly 515,000 BNB positions held, the BNC’s BNB assets are already close to $400 million.
The NAV implied by the current share price is still less than 1x.
If the market were to give 1:1 NAV, BNC would be roughly $8.5–9.
So I’m not in a rush to call for anything like 30 or 50 right now.
The first hurdle is simple: first, see whether BNC can move from its discount to 1:1.
If BNB keeps rising, NAV will be lifted along with it.
#BNC #BNB
Based on the current roughly 515,000 BNB positions held, the BNC’s BNB assets are already close to $400 million.
The NAV implied by the current share price is still less than 1x.
If the market were to give 1:1 NAV, BNC would be roughly $8.5–9.
So I’m not in a rush to call for anything like 30 or 50 right now.
The first hurdle is simple: first, see whether BNC can move from its discount to 1:1.
If BNB keeps rising, NAV will be lifted along with it.
#BNC #BNB