I didn't expect to buy BNC quite coincidentally this time! Before the opening of the US stock market on Monday, I happened to come across @ kaikaibtc's investment research I have actually done a wave of BNC before, and after reading it and researching it again, I feel that the price has returned to a low level. So I bought some BNCB on Binance for $4.46 I didn't expect it to rise quite quickly these days, and today the floating profit has approached 30% Let's briefly talk about BNC first ⬇️ It was originally named CEA Industries and is now officially renamed BNB Standard, with the US stock code still BNC. Currently, it holds 515544 BNBs and is one of the world's largest listed BNB treasury companies There have been several changes recently that I think are worth paying attention to: 1/The background of the new CEO is not simple On October 19th, Alex Odagiu @ odagius officially became the CEO of BNC He was previously an investment partner at YZi Labs and has a background in Goldman Sachs investment banking. He also resigned from his position at YZi Labs this time Considering that YZi Labs itself is an important shareholder of BNC, the addition of the new CEO means that the connection between the two parties is further deepened 2/Corporate governance is improving Previously, BNC had significant governance concerns in the market due to board disputes, unstable management, and other issues Now with the arrival of a new CEO and the increasing influence of YZi Labs, the market's expectations for BNC are also beginning to change 3/BNB exposure still has discounts According to previous stock prices and diluted share capital calculations, BNC's mNAV was once only around 0.66, equivalent to a discount of about 34% With the rebound of stock prices, the discount has narrowed to some extent, but if the subsequent corporate governance continues to improve and mNAV recovers towards 1, theoretically there is still some room for improvement In addition, BNC also plans to operate verification nodes on BNB Chain and earn profits by holding BNB On October 26th, BNC will also hold a Nasdaq bell ringing ceremony I personally have a positive outlook on this management adjustment, but what is truly worth looking forward to may be BNC's resumption of increasing its holdings in BNB After all, holding 515000 BNBs, I haven't continued to increase my holdings for some time. If the new team can restart coin buying and add valuation repairs, there is still a lot of room for imagination in the future Of course, the issues of management fees and potential dilution of additional issuance have not been fully resolved, and these also require continued attention Finally, if you have always wanted to buy BNB, perhaps buying BNC now is also a good choice, DYOR @heyibinance @cz_binance