Bitcoin Giant Strategy’s Cash Reserve Was a ‘Smart’ Move, Says BitMine’s Tom Lee – Decrypt
In brief Tom Lee, chairman of top Ethereum treasury firm BitMine, praised Strategy for establishing a $1.4 billion cash reserve. The reserve will allow the $61 billion Bitcoin treasury to pay dividends with its cash stockpile during downturns for Bitcoin. Lee said that cash and staking revenues will similarly protect BitMine, even if it hasn’t...
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