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Korean Retail Keeps Buying BitMine as Stock Sinks 80%

Investors chased the Ether-treasury trade for its convex exposure to ETH.

Overview

  • South Korean individuals were net buyers of $1.4 billion in BitMine shares in 2025, ranking the stock second only to Alphabet among overseas favorites, according to Korea Securities Depository data cited by Bloomberg.
  • A 2X Long BitMine ETF drew $566 million despite plunging about 86% from its September peak, underscoring demand for leveraged exposure.
  • BitMine holds roughly $12 billion worth of ether, described as the largest digital-asset treasury focused on ETH by strategicethreserve.xyz.
  • The company’s pivot from bitcoin mining to an ether-accumulation strategy fueled a rally of more than 3,000% into early July before the shares fell roughly 82% from that high.
  • Ether ended the year down about 11% after touching a record near $5,000 in August, shaping the backdrop for BitMine’s equity swings.