Bloomberg: Despite an 80% Drawdown, Korean Investors Still Buck the Trend and Bet on BitMine

BlockBeats News, December 31st, according to Bloomberg, despite a more than 80% drop from its July high, US-listed company BitMine, known for holding a large amount of Ethereum, remains one of the most favored overseas stocks by South Korean investors this year.

Data shows that in 2025, BitMine ranks second in popularity among overseas stocks held by South Korean investors, only behind Alphabet. The company is backed by billionaire Peter Thiel, with Wall Street's renowned strategist Tom Lee at the helm. The market's bet on its "Ethereum accumulation logic" evidently remains unshaken.

As of December 29th, South Korean retail investors have poured $1.4 billion into BitMine in 2025. They have also invested $566 million in T-Rex's 2x leveraged BitMine ETF, which has dropped by around 86% from its September peak.