PANews reported on August 12 that, according to Bloomberg, the U.S. listed company BitMine Immersion Technologies Inc. has become the most popular overseas stock among South Korean retail investors, with a net inflow of $259 million since July.
It is reported that BitMine has transformed into a digital asset repository company, currently holding $3.6 billion worth of Ethereum, making it the largest Ethereum reserve holder in the world. Influenced by Ethereum's price surpassing $4,300, BitMine's stock price soared over 3,000% in July, but then fell back by 62%. About one-third of South Korea's population is active in the digital asset market, preferring high-risk, high-return investment opportunities.
