Strategy's Cash Reserve: A Smart Move Amid Bitcoin Downturn

Tom Lee, Chairman of BitMine Immersion Technologies, praises Strategys strategic move to create a $1.44 billion cash reserve, aiming to maintain shareholder dividends during Bitcoin price drops. BitMine, the largest Ethereum treasury firm, also holds substantial cash, ensuring long-term stability. Lee highlights the importance of digital asset treasuries maintaining an mNAV of one, as those trading below face significant challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.