Tom Lee’s BitMine Buys 35,000 ETH… But Stock Plummets!

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Tom Lee’s BitMine Immersion Technologies has gone and done it-bought another 35,000 ETH, as if the universe hadn’t already handed them a gold-plated shovel. One might think such a move would make the stock soar like a eagle on a sugar rush. Instead, it’s plummeted like a lead balloon with a bad attitude.

Now, this is the sort of contradiction that would make a philosopher weep. BitMine’s buying Ethereum like it’s going out of style, yet its stock’s acting like it’s been caught in a storm with no umbrella. It’s the financial equivalent of a man who buys a new suit only to step in a puddle and then blame the weather.

BitMine Adds More Ethereum, But the Stock Breaks Down

BitMine’s latest Ethereum purchase is like a man buying a lottery ticket every day-bold, foolish, and utterly unimpressive. With 4.371 million ETH in their vaults, they’re practically a cryptocurrency titan. But here’s the kicker: their stock’s falling faster than a rock in a well. It’s like watching a man win the lottery only to lose his wallet on the way home.

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It seems that Tom Lee(@fundstrat)’s #Bitmine bought another 15,000 $ETH($29.57M) from FalconX 8 hours ago.

Today alone, it has bought 35,000 $ETH($69.37M).

– Lookonchain (@lookonchain) February 19, 2026

One would think buying more Ethereum would be a sign of confidence. But no, BitMine’s stock is acting like a jilted lover-rejecting all advances. It’s a mystery deeper than the Mariana Trench, and just as thrilling.

The stock recently fell below the lower boundary of a bear flag pattern, which is about as exciting as a deflated balloon. A bear flag? More like a bear’s yawn. And if the weakness persists, the stock could drop 50%-a fate worse than death, according to some.

But here’s the twist: the stock’s decline might not be about BitMine at all. It’s more likely a case of the dog chasing a car-Ethereum’s woes are dragging BitMine down like a stone around a swimmer’s ankle.

This creates a disconnect so wide, you could drive a truck through it. BitMine’s treasury is stronger than a fortress, yet their stock is weaker than a wet match. It’s the financial equivalent of a man who builds a mansion only to sell it for scrap.

Retail Buying Improves, But Big Money Remains Cautious

Despite the falling price, retail investors are buying like they’re at a sale, even if the price hasn’t caught on. It’s the old “buy low, sell higher” game, except the higher hasn’t shown up yet. On-Balance Volume is rising, which is like a heartbeat in a graveyard-subtle, but alive.

Meanwhile, institutional investors are sitting on the fence, sipping tea and waiting for the storm to pass. It’s like watching a man hesitate to jump into a pool-afraid of the cold, but too proud to admit it.

Together, these signals suggest the stock isn’t dying-it’s just taking a nap. But don’t expect a miracle; the bear is still in the room, and it’s got a bad smell.

Ethereum Weakness Is Dragging BitMine Stock Price Lower

BitMine’s stock is now a shadow of Ethereum’s fate, like a dog tied to a cart. The correlation is so tight, you’d think they shared a womb. And Ethereum? It’s acting like a man who’s lost his way in a desert, with no water in sight.

The futures market is a battleground of pessimism, with traders betting on a fall like it’s a sure thing. And BitMine? It’s just a pawn in the game, caught between the king and the queen.

If Ethereum keeps slumping, BitMine’s stock could follow suit faster than a cat chasing a laser dot. But if Ethereum rebounds, BitMine might just ride the wave-unless, of course, the wave turns out to be a tsunami.

In the end, BitMine’s story is a cautionary tale. Buy ETH all you want, but don’t expect the stock to dance to your tune. The market’s a fickle mistress, and she’s not easily impressed.

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2026-02-19 17:36