On December 31, Bloomberg reported that despite its stock price falling more than 80% from its July high, BitMine, a US-listed company known for its large holdings of Ethereum, remains one of the most favored overseas stocks among South Korean investors this year.
Data shows that in 2025, BitMine ranked second only to Alphabet in popularity among overseas stocks held by South Korean investors. Backed by billionaire Peter Thiel and headed by renowned Wall Street strategist Tom Lee, the market's bet on its "Ethereum hoarding logic" remains unshaken.
As of December 29, South Korean retail investors had net invested $1.4 billion in BitMine by 2025. They also invested $566 million in the T-Rex 2x leveraged BitMine ETF, which has fallen about 86% from its September peak.
