BNC Price
API
BNB Price
API
Estimated NAV
$11.84
+47.0% (6 weeks since close)
Market Cap
$430.92M
~ (+4.81%)
mNAV
0.64
~ (+4.14%)
35.8% discount
BNB Holdings
₿ 480,000
Avg cost: $720.83/BNB
BNB NAV
$593.64M
~ (+31.56%)
Unrealized Gain
$247.64M
+71.6% (MTM)
Cash
$77.5M
Available capital
Total Shares
56.7M
1.3M + 49.5M PIPE + 5.9M promote
PIPE Proceeds
$460M
Net of fees
Total Invested
$346M
In BNB purchases
BNB Purchase History
Aug 10
Initial
$800
200k BNB for $160M
Aug 14
—
—
Amount not disclosed
Aug 18
—
—
Amount not disclosed
Aug 26
—
—
Amount not disclosed
Sep 2
—
—
Amount not disclosed
Sep 10
Additional
~$664
280k BNB for $186M
Total Purchased (Cumulative)
480K BNB
$346M
Avg: $720.83/BNB
NAV Calculation
BNB Holdings:480,000 BNB
Current BNB Price:$1,236.74
BNB Fair Value:$593.64M
Cash Position:$77.5M
Total NAV:$671.14M
Total Shares:56.7M
NAV per Share:$11.84
Methodology Note
This NAV estimate is based solely on public filings and press releases. BNC has not officially disclosed NAV. Calculations assume end-of-day pricing on disclosure dates with estimated cost of ~$346M (~$721/BNB average). Current BNB price: $1236.74. No ATM or buyback usage has been disclosed, representing potential upside opportunities.