[Jiang Zhuoer: BNCB is equivalent to obtaining BNB exposure at a discount, potentially driving a 'token-stock flywheel' for BNC] BlockBeats News, September 18, Jiang Zhuoer, founder of the Litecoin mining pool, published an article stating that the holding scale of BNCB has risen again, currently reaching $17.28 million. According to the comparative data he cited, this scale has surpassed the related holdings of Coinbase and MSTR and is approaching those of Tesla. He believes that BNCB is equivalent to obtaining BNB exposure at approximately 58% of the price. BNC is a BNB treasury company controlled by Binance, while BNCB is the corresponding Binance bStock token for BNC. He believes that Binance launched BNCB to channel crypto market funds toward U.S. stock BNC, forming a 'token-stock flywheel' similar to MSTR. He pointed out that the current total market cap of BNB is approximately $94 billion, while the market cap of BNC is only about $220 million. If 1% of BNB buyer funds were to shift to BNC, it could potentially eliminate the current discount. Currently, crypto market funds have purchased $17.28 million in BNCB and $5.29 million in BNC4, totaling $22.57 million, which accounts for about 10% of BNC's total market cap. The advantage of BNC compared to small-cap tokens lies in its downside being potentially limited by asset discounts, which was also his main reason for bottom-fishing BNC earlier. He also mentioned that he bought BNC near $4.5. [Original link]