CoinVoice has recently learned that, according to Bloomberg, BitMine has become the most popular overseas stock among retail investors in South Korea, who remain attracted to such high-risk, high-reward opportunities in the crypto space. According to data from the Korea Securities Depository, since early July, South Korean retail investors have net bought $259 million worth of BitMine stock, making it the overseas security with the highest purchase amount during this period. This craze highlights the ongoing speculative enthusiasm in South Korea's retail market. About one-third of the South Korean population—approximately 18 million people—are active in the digital asset market, with interests ranging from leveraged crypto ETFs to newly listed stablecoin issuer Circle. BitMine aims to replicate Michael Saylor's strategic business model, but with a focus on Ethereum rather than Bitcoin. The company currently holds $3.6 billion worth of Ethereum, ranking first globally. However, volatility remains a hallmark of such stocks. After announcing plans to accumulate Ethereum in large quantities, the company's stock price soared over 3,000% to a peak in July, but subsequently plummeted by 62%. [Original link]
