The report shows that despite an 80% drop in Ethereum prices, Korean retail investors continue to buy shares of Ethereum holder BitMine.

2025-12-31 07:15:55

Since the beginning of this year, South Korean retail investors have net purchased up to $1.4 billion worth of BitMine Immersion Technologies Inc. (referred to as BitMine), making it the second-highest overseas stock purchased by Korean investors. Although BitMine’s stock price has fallen 82% from its peak in July, BitMine Immersion Technologies Inc. remains in this position. This company, supported by Peter Thiel and led by Tom Lee, has shifted its business focus to building an Ethereum (ETH) reserve, currently holding approximately $12 billion worth of ETH. Additionally, investors have invested $566 million in leveraged ETFs tracking BitMine Immersion Technologies Inc., and despite the significant decline in stock price, investors are still attracted by its amplified leveraged exposure.

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