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Primitive Ventures founder: Bitmine is unlikely to collapse, but MSTR may sell its coins

Primitive Ventures founder: Bitmine is unlikely to collapse, but MSTR may sell its coins

金色财经金色财经2026/02/02 07:38
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Jinse Finance reported that Dovey Wan, founding partner of Primitive Ventures, stated that Bitmine has no debt and will not collapse. Tom Lee's role is that of a major institutional salesperson (and his main task is as a macro commentator). Class action lawsuits need to find the right angle. The money used to buy coins all comes from ATMs, and retail investors can only accept the risks they take. Therefore, there is no need to worry about Tom or the ETH on Bitmine's books. - MSTR's debt structure is more complex, as is its equity structure. Previously, there have been many articles about how they use preferred shares for financing, buy coins to pump the price of common stock, and then continue the flywheel by using the ATM of common stock. Of course, there is a possibility of selling coins, but it is not high unless there is no money to pay the interest due in the near future.
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