BNB Plus (NasdaqCM:APDN) Conference Transcript

Summary of BNB Plus Conference Call Company Overview - Company: BNB Plus - Key Executives: Patrick Horsman (Chief Investment Officer), Joshua Kruger (Chairman of the Board) - Background: BNB Plus focuses on digital asset treasury (DAT) strategies, particularly leveraging the BNB ecosystem, which is associated with Binance, the largest cryptocurrency exchange globally. Industry Insights - Industry: Cryptocurrency and Digital Assets - Market Position: Binance has over 300 million users globally, with $145 trillion traded since its inception in 2017, and $34 trillion traded in 2025 alone [7][18] - Competitive Landscape: Binance accounts for 40% of global liquid trading on centralized exchanges, significantly outperforming competitors like Coinbase, which holds only 6% [21] Core Strategies and Financial Insights - Yield Generation: BNB Plus employs four non-directional yield strategies targeting an annualized return of 9%-12% [10][18] 1. Native Staking: Provides a base yield of approximately 2% [13] 2. Launchpool Airdrops: Historically yielded 9%-14% annualized returns from airdropped tokens [9][15] 3. Liquidity Provisioning: Engaging in automated market-making strategies, yielding around 7%-9% [15][16] 4. Collateralization: Borrowing stablecoins against BNB for low-risk yield strategies [16] - Tokenomics of BNB: BNB has a deflationary model with a quarterly burn mechanism, reducing the supply and increasing the value for holders. Over the last 12 months, over $1 billion worth of tokens were burned each quarter [19][20] Risk Management - Non-Directional Strategies: The strategies are designed to minimize risk while generating yield, focusing on productive assets like BNB rather than speculative investments [10][35] - Market Volatility: BNB Plus aims to protect shareholder value during market downturns by continuing to generate yield and compounding BNB holdings without selling during dips [35][36] Future Outlook - U.S. Market Entry: There is potential for Binance to enter the U.S. market, which could significantly boost business operations [21][42] - Growth Projections: BNB Plus aims to grow its balance sheet significantly, targeting hundreds of millions in BNB holdings over time [28] Conclusion - Investment Proposition: BNB Plus offers a unique opportunity to gain exposure to Binance and the BNB ecosystem, which is viewed as a productive asset with significant growth potential. The company positions itself as a way to access the value of Binance without direct public investment opportunities [22][43]