South Korean retail investors have seen a net inflow of $259 million into BitMine stock since July

According to Bloomberg, US-listed 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, which has transitioned to a digital asset vault, reportedly holds $3.6 billion worth of Ethereum, making it the world's largest holder of the precious metal. BitMine's stock price surged over 3,000% in July, driven by Ethereum's price exceeding $4,300, but subsequently retreated 62%. Approximately one-third of South Korea's population is active in the digital asset market, favoring high-risk, high-return investment opportunities.