Is Ethereum’s 62% Dip an Attractive Entry Point? BitMine’s Tom Lee Thinks So

BitMine Immersion Technologies has aggressively accumulated over 40,000 Ethereum (ETH) in a single day, bringing its total holdings to 4.325 million ETH as of February 8, 2026, despite unrealized losses exceeding $7 billion. Chairman Tom Lee views the current 62% price decline from 2025 highs as an attractive entry point, supported by improving network fundamentals like high daily transactions and active addresses. Lee bases his optimism on historical data, noting that Ethereum has consistently staged V-shaped recoveries after previous drawdowns of 50% or more, including a significant rally after a 64% drop in early 2025. BitMine's stock saw a modest increase following the disclosure of recent ETH purchases. The success of this strategy hinges on whether Ethereum experiences a similar rapid rebound, as prolonged weakness could challenge BitMine's position.

(Source：BeInCrypto)