Tom Lee sounds the retreat of the stock market: The most intense selling will end this week, and March will be the "rebound month" for technology stocks and crypto assets.

Research director of Fundstrat and chairman of BitMine (BMNR) Tom Lee stated that despite recent pressures on the global markets due to geopolitical situations and previous technical pullbacks, cryptocurrencies, software stocks, and technology giants commonly known as the "MAG-7" will all see a recovery this month - either hitting bottom or approaching a low point. Lee said in an interview, "I believe the most intense selling phase will end this week. I expect the stock market to rise in March." Over the weekend, the trend of cryptocurrencies weakened due to the US and Israel launching attacks on Iran and retaliation from Tehran, making global investors uneasy. However, when asked about concerns regarding Ethereum, Lee said that Ethereum has a strong fundamental basis, and with many tokenized projects being built on the chain, once the market environment improves, the price will follow suit. He also added that despite concerns related to war making investors nervous, he expects the stock market to rise in March. Bitmine also disclosed that its cryptocurrency holdings, cash, and "moon plan" assets have a total value of $9.9 billion. Specifically, the company has pledged 3,040,483 Ethereum, which at the current price of $1,976 per token, amounts to about $60 billion in assets. Furthermore, Bitmine reiterated that its MAVAN pledge solution is progressing as planned and is expected to officially launch in the first quarter of 2026. MAVAN is the name of the pledge product launched by Bitmine.