Bloomberg: Despite an 80% pullback, Korean investors continue to bet on BitMine against the trend

BlockBeats News, December 31, according to Bloomberg, despite a decline of over 80% from its July peak, BitMine, a US-listed company known for hoarding large amounts of Ethereum, has still become one of the most favored overseas stocks among Korean investors this year.

Data shows that in 2025, BitMine ranks second only to Alphabet in popularity among overseas stocks held by Korean investors. The company is backed by billionaire Peter Thiel and led by renowned Wall Street strategist Tom Lee. The market's bet on its "Ethereum hoarding logic" clearly remains unshaken.

As of December 29, Korean retail investors had made a net investment of $1.4 billion in BitMine in 2025. They also invested $566 million in T-Rex's 2x leveraged BitMine ETF, which has dropped about 86% since its peak in September.