South Korean retail investors have net inflows of $259 million into BitMine stocks since July

According to reports from HashChain, American listed company BitMine Immersion Technologies Inc. has become the most popular overseas stock among South Korean retail investors, with net inflows reaching $259 million since July. BitMine has transformed into a digital asset management company and currently holds $3.6 billion worth of Ethereum, making it the largest holder of Ethereum in the world. Influenced by the price of Ethereum breaking $4,300, BitMine's stock price surged by 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, favoring high-risk, high-return investment opportunities.