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TomLee’s BitMine Immersion Technologies just bought another 35,000 ETH, expanding its already massive Ethereum treasury. Normally, such aggressive accumulation would signal confidence and support the stock price. Instead, the BitMine stock price fell nearly 2% in the past 24 hours and is now down more than 8% since February 13.
This creates a strange contradiction. BitMine keeps buying Ethereum, yet its stock keeps falling. At first glance, it looks like two different stories. But underneath, it might…
https://beincrypto.com/bitmine-stock-price-analysis-ethereum-weakness/