Exclusive Interview with BNC CEO David: Revealing the Past and Present of BNB Version Microstrategy

BNC CEO David's exclusive interview reveals the background and vision of the BNB version of MicroStrategy, sharing his unique insights on the price potential of BNB and the digital asset treasury (DAT). This article is derived from a piece written by Crypto Brave and organized and authored by Deep Tide TechFlow. (Background: Comparison of BNB and SOL reserve companies: Asia and Wall Street in the United States take their respective sides?) (Supplementary background: OSL HK launches BNB, becoming the first exchange in Hong Kong to support BNB, opening 3 trading pairs for professional investors.) In the CHi Labs column "Facing the Trader" on August 26, Wu Wei had a dialogue with David J@namdar, CEO of BNC, alongside Joanna and Chloe, revealing the past and present of the BNB version of MicroStrategy! Topics covered include David's crypto journey, the secrets behind BNC's birth, future predictions for BNB, and even Galaxy Digital's "network of relationships"! Guest introductions: David J@namdar(CEO of BNC, Galaxy Digital Co-Founder) Joanna @justsayuluvjo(SOON Co-Founder/CEO) Crypto Brave @cryptobraveHQ(Crypto blogger, host, and CHi Labs streamer) Chloe: @ChloeTalk1(Host, HTX Research) CHi Labs: @CHILABS_focusing on Binance Square live streaming and expert IP building. Binance Square live stream replay: Edited version video replay: Joanna: Let me introduce myself first. I previously worked as a forex trader and derivatives designer in the traditional finance sector, initially at Citibank. In 2017, the programmability of Ethereum smart contracts led me to delve into cryptocurrency technology. Although I couldn't fully understand the terminology in the white paper at the time, I still created a crypto developer community in New York through self-study programming. In 2020, I joined Coinbase, where I was responsible for institutional team listing strategies and NFT market launches. Since then, I have focused on ecosystem expansion, especially EVM-compatible protocol layers. Joanna: The BNB MicroStrategy company BNC you lead currently publicly holds 325,000 BNB. May I ask how much BNB you personally hold? I'm currently not in a position to give specific numbers. However, I can share that CZ has publicly stated that over 90% of his crypto assets are in BNB, with Bitcoin being the only other allocation. I personally agree with this approach. Within the next year, I hope to publicly disclose my actual holdings to the market and the community. For now, my asset types are still relatively diverse, but I plan to gradually consolidate and only hold Bitcoin, BNB, and a very small number of other assets. If I could go back in time, I wish I had the same confidence I have now when BNB was just launching its ICO and had held on. But the truth is, I only started buying BNB between 2020 and 2021, during which I frequently traded many different tokens, just like many crypto professionals, often ending up with fewer tokens than I initially had. The amount of BNB I have now is not as much as it was back then, but I still retain some. Both at the company level and personally, I will continue to increase my holdings. I can clearly say that my confidence in BNB today is stronger than ever; I believe that over the next 1, 3, or even 5 years, BNB will outperform Bitcoin. Crypto Brave: What is the background for the establishment of BNC? Why adopt the MicroStrategy model? The choice to establish BNC actually stems from my long-term attention to Michael Saylor's MicroStrategy. Over the past five years, I have not only traded MicroStrategy stocks but also personally invested and attempted related derivation strategies. This year, I participated in Nakamoto, promoted by David Bailey, and shared it with my friends, resulting in 12 out of 13 people following suit, and everyone reacted very positively. From these cases, I am increasingly convinced that the digital asset treasury (DAT) is essentially a highly cost-effective investment approach. Compared to ETFs, which only passively track prices, the uniqueness of DAT lies in the fact that you are betting not only on the asset price itself but also on whether the management team behind it can continue to accumulate more underlying assets. For example, investing in a DAT like MicroStrategy, MetaPlanet, or BNC, after holding for one year or five years, your unit holdings could correspond to two, three, or even four times the target quantity. Many crypto investors often lament that they end up with fewer assets than they started with. What I like about DAT is that its goal is to continuously increase holdings, rather than frequently entering and exiting amid short-term fluctuations. Specifically regarding target selection, I prefer to focus long-term on projects with real growth potential, strong commitments from both the team and the community, active ecological activities, and those willing to build in the long term. Such assets are worthy of being included in the treasury and are worth holding long-term. Crypto Brave: You established 10X Capital this year, specifically to promote the BNB MicroStrategy, right? Among numerous crypto assets, why did you choose to focus on BNB? Actually, 10X Capital was not founded by me in 2025; it was established about 20 years ago by Hans Thomas, who is now the current CEO and also my partner. They have long focused on venture capital and investment banking and have participated in several projects related to digital asset treasuries, such as Nakamoto and DeFi Development Corp (DFDV). I have known Hans for many years, and after the Nakamoto transaction was completed, both he and Nakamoto CEO David Bailey believed that my understanding and expression capabilities regarding digital asset treasuries were stronger than many management and even investment banking professionals, so they hoped I could join and expressed willingness to support me in promoting Bitcoin treasuries in any global market. At that time, I was also considering different possibilities, such as Israel, South Korea, and even hoping to see large DATs in mainland China one day. Later, Hans invited me to participate in the BNC project, which at that time had not yet been renamed. I jokingly said that unless CZ and my friend, Binance board chairman Gabriel, agreed, I would not take the CEO position. Because at that time, I actually enjoyed a relatively low-profile life as an investor behind the scenes. But unexpectedly, CZ and Gabriel both hoped I could take the CEO position and build BNC into the BNB version of MicroStrategy. To...