Mr&强 Analyzes BNC's Transformation into BNB Treasury

According to Twitter user Mr&强, BNC Company originally engaged in indoor agricultural equipment and e-cigarette business, with the stock code previously being VAPE. In 2025, after raising $500 million, the company made a significant purchase of BNB, transforming into BNB Treasury and changing its stock code to BNC. Currently, BNC holds over 515,000 BNB, and is referred to in the market as the "Binance version of MicroStrategy." The image shows that BNC's closing price is $3.49, up 6.08%, with a market capitalization of $144 million.

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