BlockBeats News, December 12th, BitMine Chairman Tom Lee recently stated that the $14 billion cash reserve established by Bitcoin Asset Treasury (DAT) company Strategy was a "wise move." Despite a more than 50% drop in Strategy's stock price over the past 6 months, this cash reserve will enable the company to continue paying shareholder dividends during Bitcoin price downturns without having to sell its $61 billion Bitcoin holdings.Tom Lee pointed out that during the previous Bitcoin price downturn, Strategy experienced its stock trading below its Net Asset Value (NAV), and establishing a cash reserve was precisely to prepare for such a scenario. As the largest ETH treasury company holding over $120 billion in Ethereum, BitMine has not formally established a dollar reserve, but Lee stated that cash and staking income can also protect BitMine during market downturns.

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