Buy Ethereum Weekly Bitminne Made Its Classic $ETH Bought this week as well.
According to the official announcement, Bitmine, the largest institutional investor, $ETHannounced last week that it had purchased 40,613 Ethereum worth $82.85 million.
The company said in a statement that it currently holds $4,325,738. $ETHworth $8.82 billion.
The average cost was approximately $3,847, and as of February 8, 2026, the total cost of Bitmine was $2,897,459. $ETH I bet.
As of February 8, 2026, Bitmine's assets are listed as follows: $ETH – 193 Bitcoin (BTC) – $200 million worth of Beast Industries stock – $19 million worth of Eightco Holdings stock (NASDAQ: ORBS) and $595 million in cash.
A rapid recovery of Ethereum is expected!
Bitmine CEO Tom Lee acknowledged that Ethereum experienced a very large drop, but said he expects a very sharp rebound.
“Although Ethereum has declined 62% from its peak in 2025, Ethereum’s daily transaction volume has reached an all-time high of 2.5 million, and the number of daily active addresses has increased to an all-time high of 1 million in 2026.”
This is actually the 8th time since 2018. $ETH It has fallen more than 50% from its previous peak.
So this kind of decline happens almost every year. Between January and March 2025, $ETH It fell. “
Citing the Ethereum drop in early 2025 as an example, Lee said: “After experiencing a 64% decline; $ETH Later that year, it bounced from $1,600 to $5,000. ”
Lee pointed out that Ethereum typically experiences a “V”-shaped recovery after very large declines, saying, “The V-shaped recovery pattern has been in effect in all eight previous instances where declines of more than 50% have occurred. $ETH Although it fell by 62%, a similar recovery is expected in 2026. ”
Finally, Lee says the best investment opportunities often come after a recession. Looking at 2025, the best entry point into the market was right after the sharp decline related to tariff concerns.
*This is not investment advice.
