The "BNB version of MicroStrategy," BNC, has seen its stock price drop over 92% from its all-time high, now trading at $5.97.

BlockBeats News, November 28, according to market data, the "BNB version of MicroStrategy" supported by YZi Labs has seen its stock price on a certain exchange drop by more than 92% from its historical high of $82.88 after announcing the establishment of a BNB treasury, and is now trading at $5.97.

Previous reports stated that YZi Labs submitted a preliminary consent statement to the US SEC, intending to expand the board of directors of a certain exchange and elect new directors. Ella Zhang, head of YZi Labs, said, "We believe that the addition of new directors will address issues such as the poor stock performance and operational gaps of the exchange, and help unlock the value that rightfully belongs to shareholders."