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BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Tom Lee said BitMine does not need to sell its core Ethereum holdings because staking rewards already generate cash flow that covers preferred stock dividends. The company is focused on making its ETH productive rather than selling it. If BitMine reaches its 5% ownership target, it could sell staking rewards instead of adding more ETH. Lee said selling Ethereum is not a financial necessity for BMNR.
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