Despite an approximately 80% drop from its July peak, BitMine Immersion Technologies Inc. continues to rank among the most popular overseas stocks for South Korean retail investors in 2025, according to Bloomberg.
Data from the Korea Securities Depository shows BitMine trailing only Alphabet Inc. in net foreign stock purchases by South Korean individuals this year.
South Korean retail investors have registered net purchases of roughly $1.4 billion in BitMine shares through 2025, underscoring a strong appetite for the U.S.-listed company even as its stock price has fallen sharply.
estor interest has been further amplified by a 2x leveraged exchange-traded fund (ETF) offered by T-Rex, which allows traders to multiply their exposure. That leveraged ETF has likewise tumbled, falling about 86% from its September high.
BitMine Immersion Technologies, known for its significant holdings of Ether and its immersion cooling technology for crypto mining data centers, has drawn attention from global retail traders.
The company is backed by prominent venture capitalist Peter Thiel and led by well-known Wall Street strategist Tom Lee, both of whom have played roles in shaping investor confidence.
Despite the pronounced sell-off, which mirrors wider volatility in technology and crypto-related equities, BitMine’s rank among South Korean retail favorites reflects a broader trend of individual investors chasing high-beta, speculative assets offshore.
Analysts point out that South Korean retail traders have increasingly looked beyond domestic equities in search of outsized returns, especially in assets tied to the digital asset ecosystem and tech innovation.
The leveraged ETF linked to BitMine, while offering enhanced gains in bull markets, has been especially volatile, drawing both enthusiastic traders and significant losses. Its steep decline has not dampened overall interest, suggesting that many investors remain optimistic on the company’s long-term prospects or are doubling down on lower price levels.
BitMine’s resilience in retail investor rankings contrasts with broader market sentiment toward crypto-linked stocks, where many positions have seen significant re-rating this year.
Yet for South Korean retail participants, BitMine’s speculative appeal continues to outpace that of most foreign equities, with only Alphabet capturing more net buying activity.
As BitMine gears up for 2026, investors will be watching whether renewed operational performance or developments in the crypto market can help reverse the stock’s heavy losses.