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Bloomberg: Despite BitMine's stock price dropping over 80%, it remains a hot stock among Korean investors in 2025
According to Bloomberg, BitMine Immersion Technologies has become one of the most favored overseas stocks among Korean investors in 2025, second only to Alphabet, despite its stock price plummeting about 82% since its peak in July. Since the company announced a shift from Bitcoin mining to Ethereum accumulation, its stock surged over 3,000% on July 3rd, quickly becoming the most sought-after overseas stock in Korea in July.
As of December 29th, Korean retail investors' net investment in BitMine in 2025 reached $1.4 billion. They also invested $566 million in a 2x leveraged BitMine ETF by T-Rex, which has fallen about 86% since its peak in September.