🔥 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
BlockBeats News, 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 declining Bitcoin prices without selling its $61 billion Bitcoin holdings. Tom Lee pointed out that during the previous Bitcoin downturn cycle, Strategy’s stock trading price fell below its net asset value (NAV), and building a cash reserve was precisely to prepare for such situations. As the largest ETH treasury holding over $12 billion, BitMine, despite not establishing an official USD reserve, Lee said that cash and staking income can also protect BitMine during market downturns.