BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum

The post BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum appeared first on Coinpedia Fintech News

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. …