Bitcoin Giant Strategy's Cash Reserve Was a 'Smart' Move, Says BitMine's Tom Lee [Yahoo! Finance]
ETHZilla Corporation (ETHZ)
Company Research
Source: Yahoo! Finance
Chairman Tom Lee said the company made a sensible move when it recently announced a cash reserve amid Bitcoin's falling price. The reserve, a $1.44 billion tranche of funds built to help pay shareholder dividends, was launched earlier this month, providing the Bitcoin behemoth with an outlet to pay dividends even during BTC downturns. It's a move that could help Strategy avoid selling some of its $61 billion stash of Bitcoin. “In the last downturn of Bitcoin, Strategy traded below net-asset-value (NAV). It's going to happen,” said Lee. “But it's really—how is the company prepared for that downturn? I think they're doing the smart thing, they've now announced a cash reserve of $1.4 billion—smart.” BitMine, the largest Ethereum treasury firm with over $12 billion worth of ETH , has also been holding onto cash, Lee said, even if it hasn't announced a dedicated U.S. dollar reserve. “We've been running cash the entire time,” he said of BitMine. “We don't want anyone to ever think w
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ETHZ
News
- Bitcoin slips, crypto stocks suffer steep declines, as tax-loss selling drives action, analysts say [Yahoo! Finance]Yahoo! Finance
- ETHZilla Stock Sinks After $74.5M Crypto Sale Signaled DAT Retreat [Yahoo! Finance]Yahoo! Finance
- Peter Thiel-backed crypto stock sinks after repaying debt [Yahoo! Finance]Yahoo! Finance
- ETHZilla sells $74.5 million of ether in effort to trim debt load [Yahoo! Finance]Yahoo! Finance
- Major Ethereum Treasury Company Forced to Sell $74 Million in ETH [Yahoo! Finance]Yahoo! Finance
ETHZ
Sec Filings
- 12/19/25 - Form 8-K
- 12/18/25 - Form S-3
- 12/16/25 - Form 8-K
- ETHZ's page on the SEC website