ChainCatcher message, BitMine Chairman Tom Lee analyzed that it is very important for Strategy to establish a cash reserve of 1.4 billion dollars recently. Although Strategy's stock price has fallen by more than 50% in the past 6 months, this cash reserve will allow the company to continue paying dividends to shareholders during the decline in Bitcoin prices without having to sell its Bitcoin holdings valued at 61 billion dollars.

Tom Lee pointed out that during the last Bitcoin decline cycle, Strategy had experienced stock trading prices below its net asset value (NAV), and establishing a cash reserve is precisely to prepare for such a situation.