🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
Tom Lee: Cash and staking income will protect BitMine during market downturns
On December 12, Tom Lee, Chairman of BitMine, recently stated that the Strategy company’s establishment of a $1.4 billion cash reserve for Bitcoin crypto treasury (DAT) is a “wise move.” Although Strategy’s stock price has fallen over 50% in the past six months, this cash reserve will enable the company to continue paying dividends to shareholders during periods of Bitcoin price decline without having to sell its $61 billion worth of Bitcoin holdings. Tom Lee pointed out that during the previous Bitcoin downturn cycle, Strategy’s stock trading price was below its net asset value (NAV), and building up the cash reserve was precisely in preparation for such situations. As the largest ETH treasury holding over $12 billion worth of Ethereum, BitMine has not established an official USD reserve, but Lee said that cash and staking income can also protect BitMine during market downturns.