BitMine increased its ETH holdings by 40,613 coins last week. Tom Lee stated that he believes ETH will experience a "V-shaped recovery" as usual.

BlockBeats News, February 9th. According to official sources, Bitmine today announced that the total value of its held cryptocurrency, cash, and "high-risk, high-return investment projects" has reached $10 billion. As of 3:00 PM Eastern Time on February 8, 2026, the company's held crypto assets include:

· 4,325,738 ETH

· 193 Bitcoin (BTC)

· $200 million in Beast Industries equity

· $19 million in Eightco Holdings equity (Nasdaq: ORBS) (a "high-risk, high-return investment project")

· Cash totaling $595 million

Bitmine's CEO, Thomas "Tom" Lee, stated: "ETH price has dropped 62% from its 2025 peak, yet Ethereum's daily transaction volume has hit a historical high of 2.5 million transactions, and the daily active addresses in 2026 have surged to a historical peak of 1 million. Cryptocurrency prices are highly volatile; in fact, this is the 8th time since 2018 that ETH price has dropped 50% or more from a recent high, meaning such declines occur almost every year. From January to March 2025, ETH price dropped 64%, but later in the year surged from $1,600 to $5,000."

Lee pointed out: "ETH often shows a V-shaped recovery after hitting a major low. In the previous 8 instances of declines exceeding 50%, this pattern has emerged each time. A similar recovery is expected in 2026. The best investment opportunities in cryptocurrency often arise after a decline. Looking back at 2025, the best entry point in the crypto market was precisely after a sharp downturn due to tariff concerns."