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Tom Lee: Strategy Stock Has Become Key Risk Management Tool

Bitmine Chairman and CEO Tom Lee highlighted in an interview with CBDC that due to limited on-chain options, Strategy (MSTR) stock has emerged as a preferred tool for cryptocurrency investors to manage risk. Institutional crypto investors are using MSTR stock to hedge losses, resulting in a 43% decline in its value.

Tom Lee explained that Strategy holds a substantial amount of Bitcoin, totaling 650,000 coins, and its liquidity surpasses that of BTC and ETH derivatives. Consequently, when crypto liquidity dries up and market makers are impacted, institutions find it challenging to hedge effectively on-chain and resort to shorting MSTR to offset losses in Bitcoin and Ethereum.

Satoshi Nakamoto's Wealth Takes a 34% Hit as Bitcoin Plummets

Satoshi Nakamoto, the elusive creator of Bitcoin (CRYPTO: BTC), has witnessed a 34% drop in his net worth, which now stands at $90.7 billion. Nakamoto’s estimated fortune has plummeted from its October peak of $137 billion. This substantial decline is a result of the ongoing downturn in the cryptocurrency market.

The decrease, amounting to $47 billion, has pushed Nakamoto down to the 20th position on the Forbes billionaire list. He now ranks just behind Bill Gates, who has a net worth of $104 billion.

Eric Trump Says Now Is a Great Time to Buy Bitcoin Amid Crypto Crash

Bitcoin’s latest pullback is being framed as a major opportunity, with Eric calling the moment 「a great time to buy Bitcoin」 and describing the asset as 「the greatest of our time.」

Speaking at a tech conference in Florida, Eric commented on recent price volatility and noted that Bitcoin stood near $16,000 three years ago and around $36,500 two years ago. 

The asset climbed above $120,000 earlier this year before the Bitcoin price falls below $100,000. He said the current value still reflects long-term expansion. He also pointed to ETF inflows and broader institutional participation as signs of deepening adoption.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $238.47 million. The total net asset value of Bitcoin spot ETFs is $110.11 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.53%.

The Bitcoin spot ETF with the highest net inflow on Nov. 21 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $108.02 million. Followed by Grayscale Bitcoin Mini Trust, with a net inflow of 84.93 million, according to SoSoValue.

SoSoValue