South Korea’s Big Tech Shift: Investors Embrace Ethereum Stocks

South Korean retail investors are moving away from established tech giants like Tesla, Apple, and Alphabet, choosing instead to invest heavily in stocks linked to Ethereum (ETH). A recent shift has seen them pouring money into companies directly connected to the booming cryptocurrency ecosystem. One example is BitMine Immersion Technologies (BMNR), a U.S.-listed company backed by billionaire Peter Thiel, which transitioned away from Bitcoin mining and now solely focuses on ETH. This move resulted in BMNR becoming the world’s largest treasury holder of ETH, with the company even hinting at issuing up to $20 billion in stock to buy more of the cryptocurrency.

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