Big Bull Tom Lee Reveals What He Expects Next in Ethereum! “It’s Happened Eight Times Before, ETH Always Did the Same Thing!”
Bitminne, which buys Ethereum every week, made its classic ETH purchase this week as well.
According to the official announcement, Bitmine, the largest institutional holder of ETH, announced last week that it purchased 40,613 Ethereum worth $82.85 million.
The company stated in its announcement that it currently holds 4,325,738 ETH, worth $8.82 billion.
The average cost was approximately $3,847, and as of February 8, 2026, Bitmine had a total of 2,897,459 ETH staked.
As of February 8, 2026, Bitmine’s assets were listed as follows: “4,325,738 ETH – 193 Bitcoin (BTC) – $200 million worth of Beast Industries shares – $19 million worth of Eightco Holdings shares (Nasdaq: ORBS) and $595 million in cash.”
A Sharp Recovery is Expected in Ethereum!
Bitmine CEO Tom Lee acknowledged that Ethereum had experienced a very large drop, but stated that he expected a very sharp rebound.
Citing Ethereum’s decline in early 2025 as an example, Lee said, “After experiencing a 64% drop, ETH bounced from $1,600 to $5,000 later that same year.”
Lee noted that Ethereum typically experiences a “V”-shaped recovery after very large drops, stating, “The V-shaped recovery pattern has been valid in all eight previous examples where drops exceeding 50% occurred. Currently, with ETH down 62%, a similar recovery is expected in 2026.”
Finally, according to Lee, the best investment opportunities often come after a downturn. Looking at 2025, the best entry point into the market came immediately after a sharp decline linked to tariff concerns.
*This is not investment advice.
Continue Reading: Big Bull Tom Lee Reveals What He Expects Next in Ethereum! “It’s Happened Eight Times Before, ETH Always Did the Same Thing!”
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