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BitMine increased its holdings by 40,613 ETH last week. Tom Lee believes ETH will follow the usual "V-shaped" rebound.
On February 9, according to official sources, Bitmine announced that as of 3:00 PM Eastern Time on February 8, 2026, the total value of its cryptocurrency holdings, cash, and "high-risk, high-reward investment projects" has reached $10 billion. As of that time, the company's crypto assets include:

· 4,325,738 ETH
· 193 Bitcoin (BTC)
· $200 million in Beast Industries equity
· $19 million in Eightco Holdings equity (NASDAQ: ORBS) ("high-risk, high-reward investment project")
· Total cash of $595 million

Bitmine Executive Chairman Thomas "Tom" Lee stated: "ETH price has fallen 62% from its 2025 peak, yet Ethereum's daily trading volume hit a record high of 2.5 million transactions, and the number of daily active addresses in 2026 soared to a record high of 1 million. Cryptocurrency prices are highly volatile; in fact, this is the eighth time since 2018 that ETH has dropped 50% or more from recent highs, meaning such declines occur almost every year. From January to March 2025, ETH price fell 64%, but later that year, it surged from $1,600 to $5,000."

Lee pointed out: "ETH often exhibits a V-shaped recovery after hitting major lows. In the previous eight instances of declines over 50%, this pattern has occurred each time. A similar recovery is expected in 2026. The best investment opportunities in cryptocurrencies often appear after a decline. Looking back at 2025, the best entry point in the crypto market was right after a sharp drop caused by concerns over tariffs."
ETH-0.91%
BTC-1.77%
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