Bitmine Immersion Technologies chairman Tom Lee has stated that the recent crypto slump is likely to end, with equity markets likely to bottom due to the US-Israel war with Iran. His comments came after the company disclosed a $3.8B quarterly loss largely due to unrealized markdowns on its Ether holdings. Lee also predicted that Ether (ETH) will emerge from its consolidation driven by tokenization and agentic artificial intelligence initiatives tied to the smart contract network. Despite these losses, Bitmine announced a purchase of 71,524 Ether, making up roughly 4.04% of the total Ether supply.