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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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AI Analysis

The report highlights a pronounced retail accumulation of BMNR shares by Korean investors since July, a pattern that suggests strong localized demand and bullish sentiment toward a Nasdaq-listed bitco...

AI Recommendation

Given the strong retail inflows and the company’s leading Ethereum holdings, I view BMNR as a potential buying opportunity for investors with an appetite for crypto-linked equities and higher volatili...

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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