Korean Retail Surge in BMNR Shares: Heavy ETH Holdings Highlighted
I note that Korean investors have been increasing their purchases of Nasdaq-listed Bitcoin mining stock BMNR since July. Bloomberg reports that, according to Korea Securities Depository data, South Korean retail investors have net bought USD 259 million (KRW 360 billion) worth of BMNR shares since early July, making it the most purchased foreign stock in that period. I also observe that BMNR currently holds 1,150,263 ETH, valued at roughly USD 4.96 billion, which places the company first by ETH holdings among corporations.
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