[Tom Lee: Strategy's $1.4 Billion Cash Reserve is a Wise Move] BitMine Chairman Tom Lee recently stated that Strategy's decision to establish a $1.4 billion cash reserve is a wise move. Despite Strategy's stock price dropping more than 50% over the past six months, this reserve allows Strategy to pay dividends during Bitcoin's downturn without needing to sell its $61 billion Bitcoin holdings. Lee pointed out that during the previous Bitcoin downturn cycle, Strategy's stock price had fallen below its net asset value, and building the reserve was precisely to address such situations. As a company holding over $12 billion in Ethereum, BitMine has not established a formal USD reserve, but its cash and staking income can similarly protect BitMine during downturns.
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