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Tom Lee says Strategy's $1.4B cash buffer protects Bitcoin treasury and dividends

BitMine Chairman Tom Lee said on Dec. 12 that Bitcoin treasury firm Strategy's move to build a $1.4B cash reserve is a "wise decision," as it allows the company to keep paying shareholder dividends during Bitcoin price declines without liquidating its $61B Bitcoin holdings, BlockBeats reports. He noted Strategy's shares traded below net asset value during the previous Bitcoin downturn, and the current cash buildup addresses a similar scenario, even though the stock has fallen more than 50% over the past six months. Lee added BitMine, which he described as the largest ETH treasury company with over $12B in Ethereum, has not set up a formal U.S. dollar reserve, but its cash and staking income can likewise help safeguard the firm during weak market conditions.
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