Bloomberg: Despite BitMine's stock price dropping 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 South Korean investors in 2025, second only to Alphabet, despite its stock price plummeting about 82% from its peak in July.

After the company announced its shift from Bitcoin mining to accumulating Ethereum, its stock price soared over 3,000% on July 3, quickly becoming the most sought-after overseas stock in South Korea in July. As of December 29, South Korean retail investors had net invested $1.4 billion in BitMine for 2025. They also invested $566 million in the 2x leveraged BitMine ETF from T-Rex, which has dropped about 86% since its peak in September.