TechFlow, Dec 31 — Despite its share price falling about 80% from its July peak, BitMine Immersion Technologies Inc. has become one of the most favored overseas stocks among South Korean investors in 2025, ranking just behind Alphabet Inc., according to Bloomberg. South Korean retail investors have cumulatively net purchased approximately $1.4 billion worth of BitMine this year and further increased exposure through a 2x leveraged ETF launched by T-Rex; this ETF has since dropped around 86% from its September high. After BitMine announced mid-year that it would shift from Bitcoin mining to Ethereum reserves, its stock price surged initially but later declined significantly. Over the same period, Ethereum has fallen roughly 11% in 2025, with momentum notably weakening after approaching its near-$5,000 high in August.
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