BitMine: New Strategy Framework Extends Reserve Coverage to Over 26 Months, Helps Stabilize Investor Confidence

ME News reports that on June 29 (UTC+8), in response to Strategy’s previously announced “Digital Credit Capital Framework,” the Ethereum treasury company BitMine (NYSE: BMNR) published a post commenting on the framework. BitMine said the framework strengthens the structural relationship between capital markets and Bitcoin, which should enhance investors’ confidence in Strategy’s strategy. BitMine believes that investors’ concerns usually only arise during periods when Bitcoin is falling; if Bitcoin’s price were at $100k, few would question the strategy. Therefore, Strategy needs to prove that it has sufficient capital to get through a downturn cycle. Increasing the capital buffer to more than 26 months is a wise move. Based on its calculations, since 2009, using a rolling 36-month period, the probability that Bitcoin will generate negative returns is less than 0.8%; a reserve size of 26 months is enough for Strategy to safely weather such volatility. (Source: Foresight News)
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