Tom Lee: Strategy's move to build up $1.4 billion in cash reserves is a "wise move".

According to a report by Decrypt on December TechFlow, Tom Lee, Chairman of BitMine Immersion Technologies, recently stated that Strategy's establishment of a $1.4 billion cash reserve is a "wise move." Despite Strategy's stock price falling by more than 50% in the past six months, this cash reserve will allow the company to continue paying shareholder dividends during periods of Bitcoin price decline without having to sell its $61 billion Bitcoin holdings. Lee pointed out that during the last Bitcoin downturn, Strategy traded below its net asset value (NAV), and establishing the cash reserve is a preparation for such a situation. While BitMine, the largest ETH treasury company holding over $12 billion in Ethereum, has not established formal dollar reserves, Lee stated that cash and staking income can also protect the company during market downturns.