South Korean retail investors have reportedly dumped large US listed high-tech stocks like Alphabet and Tesla, and have reportedly bought $259 million worth of Peter Tiel-backed Bitmine stocks since early July. The Korean securities depository claimed that Bitmine stock is the most popular foreign stock in the country.
Korean retail investors It is reportedly Attracted by high-risk, high-reward crypto opportunities, ETH Treasury is currently highly targeted for stocks in Bit Mine Immersion Technology. Listed US companies have recently moved from Bitcoin mining to the ETH Treasury Department, accumulating and holding tokens. Currently, there is more than $3.6 billion in ETH. Recently cryptopolytan It has been reported That Bitmine was considering issuing up to $200 billion in shares to buy more ETH.
The BMNR Rally reportedly highlights a speculative enthusiasm that captures Korean crypto retail investors. Nearly a third of the country’s population (about 18m) is active in the crypto market and is currently attracted to everything from letterpress cryptographic ETFs to stubcoins.
Japanese entrepreneurs say, “Ethereum is from Korea
One Japanese entrepreneur who has been a crypto investor since 2021 I insisted The recent BMNR rally was driven by Korean nationalist sentiment. He added that the community interpreted it as being held and controlled by Bitmine since Ethereum became the largest ETH financing company.
According to his understanding, the Koreans were in the process of Tom Lee’s latest ETH wave promotion. He said Korean investors were bullish on BMNR as Korean Lee was chairman of Bitmine, the only US-registered crypto-related company with an Asian boss. Ultimately, Bitmine and Lee were in Korea, combining crypto, highly volatile inventory and Korean influencer factors.
Entrepreneurs believe that the current ETH wave is “indirectly pushed desperately by the Korean brothers.” He argued that historically anything that the Korean brothers were hyping would tend to skyrocket quickly. Japanese traders quoted the height of this cycle in XRP, saying it is now a turn for BMNR and ETH.
The Korean Securities depository claimed that Bitmine recorded the highest US stock purchases from last month until August 12th. Half of the top seven net purchase stocks, excluding ETFs, were crypto companies, including Coinbase, Sharplink Gaming and Robinhood. The Genius Act reportedly led to a surge in crypto-related stock purchases, with ETH-based stocks leading the trend.
Singh says US tariffs “reduce individual overseas investments.”
Shin Sool-Wi, Senior Researcher at the Korean International Financial Center, I said The actual impact of Trump’s tariffs on the economy is likely to attenuate individual South Korea’s overseas investment “for the time being.” Seohak Ants (Korean term for individual foreign stock investors) was dumping seven big tech stocks (the epic seven) in favor of Bitmine, which was associated with Korean celebrities Tom Lee. The International Financial Centre also believes that the surge in M7 share prices has made South Korean retail investors more cautious about chasing stock purchases.
The South Korean financial investment industry predicts that retail investors on stocks listed in the US will slow down purchases. Domestic retail investors purchased $3.8 billion worth of US stocks between January and April this year. However, they sold $1.29 billion worth of shares in May and $390 million in June. They once again bought US stocks worth $490 million in July. Korean retail investors also sold 300 billion won and 23 billion won of Apple and Alphabet stocks, respectively.
International Finance Center estimated that the return on investment for the top 50 foreign stocks held by Seohak Ants has also slowed down. It surged to 16% in May, up from 4% in April, then fell to 5% in June, and to 4.2% in July.
