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Korean Retail Investors Net-Buy $259M of Bit Mining (BMNR); Company Tops Ethereum Holdings

I note that Korean investors have been increasing their stake in NASDAQ-listed Bitcoin mining firm Bit Mining (BMNR) since July, according to Bloomberg. Korean retail investors have net-bought $259 million in Bit Mining shares—about KRW 360 billion—since early July, making it the most purchased foreign stock in that period, based on Korea Securities Depository data.

I also observe that Bit Mining holds 1,150,263 ETH (roughly $4.96 billion) on its balance sheet, positioning it as the largest corporate holder of Ethereum by ETH holdings. This combination of heavy retail interest and substantial ETH reserves highlights Bit Mining (BMNR) as a notable crypto-linked equity play on NASDAQ.

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AI Analysis

The reported $259 million net purchases by Korean individual investors signal strong retail demand for Bit Mining (BMNR) shares since July. This trend suggests that Korean retail traders are seeking e...

AI Recommendation

Given the strong retail inflows and Bit Mining's prominent ETH reserves, I recommend monitoring BMNR closely for entry opportunities rather than committing a full position immediately. Use this period...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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