Tom Lee: Cash and collateral income will protect BitMine during market downturns.

According to Mars Finance, on December 12th, BitMine Chairman Tom Lee 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 selling its $61 billion Bitcoin holdings. Lee pointed out that during the last Bitcoin downturn, Strategy's stock traded below its net asset value (NAV), and establishing the cash reserve is a preparation for that situation. As the largest ETH treasury company holding over $12 billion in Ethereum, BitMine, while not having established formal dollar reserves, stated that cash and staking income can also protect BitMine during market downturns.