Tom Lee: MSTR is the top hedging tool for addressing cryptocurrency losses

Jinse Finance reported that Strategy (MSTR) stock has dropped by 43%, and with institutional crypto investors having limited on-chain hedging options, they have begun using this stock to hedge losses. Tom Lee from Bitmine Immersion stated that since MSTR has ample liquidity and holds a large amount of bitcoin, it is regarded as a bitcoin proxy in the market, making it the preferred hedging tool. After the sharp decline in October, crypto market liquidity remains weak, and the lack of strong native crypto hedging tools has forced traders to choose to short MSTR.