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Bloomberg: Despite BitMine's stock price falling over 80%, it remains a favorite 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 the peak in July.
Since the company announced a shift from Bitcoin mining to accumulating Ethereum, its stock price surged over 3,000% on July 3, quickly becoming Korea’s most sought-after overseas stock in July. As of December 29, Korean retail investors’ net investment in BitMine in 2025 reached $1.4 billion. They also invested $566 million in the T-Rex 2x leveraged BitMine ETF, which has fallen about 86% since its peak in September.