TechFlow, December 12 — According to Decrypt, Tom Lee, Chairman of BitMine Immersion Technologies, recently stated that Strategy's establishment of a $1.4 billion cash reserve is a "wise move." Although Strategy's stock price has fallen more than 50% over the past six months, this cash reserve will allow the company to continue paying shareholder dividends during periods of declining Bitcoin prices without selling its $61 billion Bitcoin holdings. Lee noted that during the previous Bitcoin downturn, Strategy traded at a discount to its net asset value (NAV), and building up cash reserves prepares the company for such scenarios. As the largest ETH treasury firm holding over $12 billion in Ethereum, BitMine does not maintain a formal U.S. dollar reserve, but Lee said cash and staking income can similarly protect the company during market downturns.
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