Based on PANews, Bitmine CEO Tom Lee stated in an interview with CBDC that Strategy (MSTR) has become the preferred tool for crypto investors to manage risk due to limited on-chain options. Institutional investors are shorting MSTR to hedge losses in Bitcoin and Ethereum, causing the stock to drop 43%. Lee noted that MSTR's large BTC holdings (650,000 BTC) offer better liquidity than BTC and ETH derivatives, making it a fallback during crypto liquidity crunches.
Tom Lee: Strategy's 650,000 BTC Holdings Have Become Preferred Market Hedge
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