
XinGPT🐶|Jul 17, 2025 15:17
Is BNB micro strategy worth pursuing?Today, a US listed company called Windtree (WINT) announced its intention to develop a micro strategy for BNB, with a market value of less than $5 million, which is not as good as a Solana Meme.
The cause was several white financial veterans who had previously worked in various private equity firms and even established a Web3 DeFi fund called Coral Ventures; We have now established a company called Build&Build Co (meaning BNB);
The acquisition model is that this newly established company will contribute $60 million and can choose to make additional investments up to a total amount of $200 million before the transaction is completed. These contributions will be used to purchase BNB as a treasury in the future.
The corresponding listed company will also issue new shares to sell to investors, up to a maximum of 260 million shares (200 million convertible shares+66 million warrant shares);
The potential maximum amount of assets that the company can acquire from BNB is 60 million US dollars; Diluted market value after share issuance: 260 million shares * 1.27 (current stock price)=330 million US dollars; mNAV = 3.3 / 0.6= 5.5;
The mNAV compared to Sharpnink (SBET) is 2.9; The micro strategy is 1.76; From this perspective, the valuation is indeed not low; But the market value is too small, and any manipulation in the short term is possible. Do you think Soha?
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