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South Korean retail investors have net invested $259 million to purchase BitMine stocks.
Golden Finance reports that BitMine is the preferred foreign stock for retail investors in South Korea, who are attracted by the high-risk, high-reward opportunities in the encryption field. Since the beginning of July, retail investors in South Korea have net invested $259 million to purchase BitMine stocks. BitMine aims to emulate the business model promoted by Michael Saylor's Strategy, focusing on Ethereum rather than Bitcoin. BitMine is a Bitcoin mining company listed in the United States, supported by Peter Thiel's Founders Fund, and the company's current Ethereum treasury is valued at $3.6 billion.