Jiang Zhuoer: BNCB is equivalent to obtaining BNB exposure at a discount, or it could drive BNC to form a "coin-stock flywheel."

BlockBeats news, September 18: Jiang Zhuoer, founder of LTC Mining Pool, stated in a post that the BNCB holdings have risen again, now reaching $17.28 million; in the comparative data he cited, this scale has surpassed Coinbase- and MSTR-related targets and is approaching Tesla-related targets. He believes that BNCB is equivalent to gaining BNB exposure at about 58% of the price.

BNC is a BNB treasury company controlled by Binance, and BNCB is the Binance bStock token corresponding to BNC. He believes that Binance listed BNCB in order to direct crypto market funds toward the U.S. stock BNC and form a "coin-stock flywheel" similar to MSTR.

He pointed out that BNB's current total market capitalization is about $94 billion, while BNC's market capitalization is only about $220 million; if 1% of BNB buyer funds shifted to BNC, it could potentially erase the current discount. At present, crypto market funds have bought $17.28 million in BNCB and $5.29 million in BNC4, totaling $22.57 million, accounting for about 10% of BNC's total market capitalization.

BNC's advantage over small-cap tokens is that its downside may be limited by the asset discount, which is also the main reason he previously bought the dip in BNC. He also said that he bought BNC near $4.5.