Tom Lee Predicts ‘V-Shaped Recovery’ As BitMine Adds 40,613 ETH
Posted On February 9, 2026
BitMine (NYSE:BMNR) added 40,613 Ethereum (CRYPTO: ETH) in the past week, bringing total holdings to 4.326 million ETH worth $9.2 billion, as Executive Chairman Tom Lee predicts a “V-shaped recovery” for ETH.
Lee’s V-Shaped Recovery Thesis
Lee pointed to Ethereum’s strengthening fundamentals despite the 62% price crash from 2025 highs.
Daily transactions hit an all-time high of 2.5 million while active addresses soared to 1 million daily—both records.
“ETH sees V-shaped recoveries from major lows,” Lee said. “This happened in each of the 8 prior declines of 50% or more. A similar recovery is expected in 2026.”
Lee cited 2025 as precedent. From …
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