South Korean Investors Continue Accumulating BitMine's ETH Holdings Despite 80% Price Plunge

Despite an 80% decline in the value of its holdings, South Korean retail investors are persistently purchasing shares of BitMine Immersion Technology, a company known for its significant Ethereum (ETH) reserves. According to a local report, this trend highlights a strong "buy-the-dip" sentiment among individual investors in South Korea, who remain confident in the long-term prospects of Ethereum and the crypto mining sector. BitMine, which specializes in immersion cooling mining technology, has seen its stock price suffer alongside the broader crypto market downturn. However, continued investment from the public suggests a belief in a potential recovery and the underlying value of the company's substantial ETH treasury. This activity underscores the unique, risk-tolerant nature of the South Korean retail crypto investment landscape.