Bitmine Immersion Applied sciences has considerably bolstered its Ethereum place amid market volatility.
Because the ETH value dropped amid Bitcoin’s nosedive to $60,000, the crypto treasury firm took benefit to amass over 40,600 of the coin.
The transfer mirrors that of Technique, which additionally introduced the acquisition of extra BTC previously week, with each Technique’s Michael Saylor and Bitmine’s Tom Lee bullish regardless of paper losses on their positions.
Bitmine boosts Ethereum holdings by 40,600 ETH
Publicly-listed Bitmine Immersion Applied sciences introduced on February 9, 2026, that it added 40,613 ETH previously week, bringing its whole ETH holdings to 4.326 million tokens, representing about 3.58% of the overall Ethereum provide of 120.7 million ETH.
The corporate’s staked ETH in the meantime stands at 2.897 million, value roughly $6.2 billion, and the general crypto, money, and different investments now whole $10 billion.
In response to an announcement, the purchase aligns with Bitmine’s aggressive Ethereum treasury technique.
It ranks second globally, behind Technique, by way of whole crypto treasury worth.
Notably, Technique additionally introduced the acquisition of 1,142 BTC for $90 million at a median value of $78,815 per Bitcoin.
As of February 8, the corporate held 714,644 BTC acquired for simply over $54 billion at a median price of $76,056 per BTC.
ETH value forecast: V-shaped recovery?
Ethereum’s value has struggled close to $2,000 because the sharp sell-off to lows of $1,740 on Feb. 5, 2026.
On Monday, Feb. 9, the main altcoin modified arms at round $2,056, down 3% in 24 hours and practically 12% off highs seen previously week.
Mixture knowledge exhibits ETH has declined 58% from its all-time excessive of round $5,000 reached in August.
Regardless of the short-term bearish outlook, Bitmine Chairman Tom Lee says the altcoin stays bullish long run.
He expects a V-shaped recovery much like earlier cases of sharp declines.
“Crypto costs are extremely unstable, and actually, that is the eighth time since 2018 that ETH costs have fallen 50% or extra from a latest excessive, that means declines like this are seen yearly. In 2025, from January to March, ETH costs fell 64% and but nonetheless surged from $1,600 to $5,000 later within the 12 months,” Lee famous.
With such historic rebounds in place, Lee seems to be on the present pullback as a gorgeous entry level.
In response to him, Ethereum’s utility because the “way forward for finance” and strong on-chain exercise at present outpace value motion. Will Ether see such bounces within the coming months? Lee says sure.
“ETH sees V-shaped recoveries from main lows. This occurred in every of the 8 prior declines of fifty% or extra. An analogous recovery is anticipated in 2026. One of the best funding alternatives in crypto have offered themselves after declines. Assume again to 2025, the only finest entry factors in crypto occurred after markets fell sharply as a result of tariff issues.”
