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South Korean investors ranked BitMine Immersion Technologies Inc. as the second-most-purchased overseas stock in 2025, despite an 80% decline from its July peak. Data cited by Bloomberg shows net purchases reached $1.4 billion, placing BitMine behind just Alphabet Inc. at roughly $2.0 billion.
This ranking places BitMine ahead of major U.S. equity benchmarks and fixed-income ETFs, even after its share price suffered one of the steepest drawdowns among global equities. Notably, Korean retail investors increased exposure during the sell-off rather than reducing positions, which signaled persistent demand despite mounting losses.
This divergence between price performance and investor behavior has shaped one of 2025’s most striking cross-border trading patterns.
Buying activity extended beyond spot shares into leveraged products tied to BitMine’s price movements. Investors added exposure through a 2× leveraged ETF issued by T-Rex, even as that fund fell about 86% from its September high.
According to the chart, the leveraged ETF alone attracted $566 million in inflows, indicating active risk-seeking behavior instead of passive allocation into diversified products. BitMine’s surge earlier this year helps explain the persistence; shares jumped more than 3,000% in July 2025 after the company pivoted toward Ethereum-linked holdings.
Since then, the stock’s decline tracked the broader downturn in Ethereum prices, and yet, capital inflows have continued. The big question now is, why are investors persistent in adding exposure to a stock after losses of this scale?
Trading behavior in South Korea reflects distinctive retail dynamics, supported by official data. A 2025 report from the Bank of Korea showed the nation’s crypto turnover rate reaching 157%, far above the global average of 112%. It also pointed out a transition from accumulation to profit-taking during bull phases, indicative of frequent short-term trading cycles.
Social channels are the most critical factors in the decision-making process. Research hints that Korean investors frequently depend on virtual communities, which may lead to stronger herd behavior in the market during turbulent times.
Also Read: Bitmine Unrealized PnL Turns Negative as Ethereum Price Slides
Besides, market concentration significantly affects the outcomes. The top 10% of traders account for 91.2% of the total volume in the crypto market, thereby strengthening feedback loops during price fluctuations. Moreover, some structural factors create increased pressure.
The South Korean stock market is characterized by limited free float and retail-oriented trading, which, in turn, can amplify volatility during institutional moves. In 2025, the KOSPI grew more than 70%, led by AI-driven firms like Samsung and SK Hynix. Even so, many retail traders redirected capital toward crypto-backed equities, viewing them as alternatives amid domestic liquidity constraints.
As a result, BitMine stood alongside global technology giants and index vehicles in overseas inflows throughout 2025, despite the sustained price weakness.
South Korean investors ranked BitMine Immersion Technologies among the most purchased overseas stocks in 2025 following an 80% price drop. Heavy inflows into both shares and leveraged ETFs now reflect persistent retail demand. This trend showed firm conviction in crypto-linked equities, even amid deep drawdowns.
