BNC Holds 510,000 BNB, Yet Its Stock Trades at a 36% Discount to Net Asset Value! Could It Outperform BNB in the Future?
I recently took another look at BNCB on Binance and the U.S.-listed company BNC behind it. I found the company pretty interesting. It holds more than 510,000 BNB, worth about $375 million at current prices. But based on its diluted share count, the company has a market capitalization of only about $237 million. And according to the company's latest figures: BNC's adjusted net asset value is about $7.07 per share. BNC closed at just $4.49 on the U.S. stock market on October 16. That means the market is applying a discount of about 36%. At this point, many people might be wondering:
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