South Koreans Cling to Ether Hoarder BitMine Despite 80% Drop

Ether hoarder BitMine Immersion Technologies Inc. is set to close the year as one of the most popular overseas stocks in South Korea, even after a steep decline from a July peak.

The US-listed company, backed by billionaire Peter Thiel and headed by Wall Street forecaster Tom Lee, ranks second only to Alphabet Inc. among the foreign securities most favored by South Korean investors in 2025, according to Korea Securities Depository data.