Korean Retail Keeps Chasing BitMine
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Korean Retail Keeps Chasing BitMine
South Korean retail investors continue to pour money into BitMine Immersion Technologies even after the stock has fallen more than 80% from its July peak, highlighting how speculative demand can persist despite severe losses.
Data cited by Bloomberg show BitMine finishing 2025 as one of the most heavily bought overseas stocks by South Koreans, ranking second overall with roughly $1.4 billion in net inflows. Buying remained strong even as shares retraced most of their gains following a dramatic rally earlier this year.
That surge was triggered when the company pivoted from bitcoin mining to building an ether-focused treasury, effectively positioning its stock as a leveraged proxy for ETH exposure. The shift drove a more than 3,000% advance into early July, pushing the company into the spotlight of high-risk traders.
Interest extended beyond the stock itself. Investors also poured hundreds of millions into a leveraged ETF tied to BitMine, amplifying both upside and losses. With ether modestly lower in 2025, the episode underscores Korean retail investors’ appetite for convex, high-volatility bets rather than stable crypto exposure.
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