According to PANews, BitMine Immersion Technologies Inc., a U.S.-listed company, has become the most favored overseas stock among South Korean retail investors. Since July, the company has seen a net inflow of $259 million.
BitMine has transitioned into a digital asset holding company and currently possesses $3.6 billion worth of Ethereum, making it the largest Ethereum reserve holder globally. The company's stock price surged over 3000% in July, influenced by Ethereum's price surpassing $4,300, before subsequently declining by 62%.
Approximately one-third of South Korea's population is active in the digital asset market, showing a preference for high-risk, high-reward investment opportunities.