Bitmine Immersion Technologies Chairman Tom Lee suggested the crypto market may be bottoming out. His comments appeared in market analysis on February 9, 2026.
Bitcoin currently fluctuates around the $70,000 level. This follows a sharp recovery from a recent dip to $60,000.
Lee's opinion aligns with similar views from ARK Invest CEO Cathie Wood. Wood also believes the market approaches a potential low.
Lee cited the 25% rebound in MicroStrategy stock as an indicator supporting the bottoming thesis for the broader crypto sector.
Lee made no specific company announcements regarding Bitmine.