- South Korean retail investors are moving funds from U.S. Big Tech stocks to crypto-related equities.
- Holdings of crypto-linked stocks by South Korean investors grew from 8.5% in January to over 30% by July.
- Net purchases of top U.S. Big Tech stocks by these investors dropped 84% from earlier in the year.
- BitMine Immersion Technologies became the most purchased foreign stock by South Koreans, with $259 million invested since July.
- Vitalik Buterin supported companies holding Ether but warned against excessive leverage in the sector.
South Korean retail investors have shifted investments from major U.S. technology stocks to high-risk crypto-related equities in recent months. The proportion of crypto-linked stocks among the top 50 net-bought stocks by South Korean investors increased to 31.5% in July, up from 8.5% in January, according to data from the Korean Center for International Finance (KCIF).
Net purchases of leading U.S. Big Tech companies fell dramatically to $260 million in July. This is down 84% from the monthly average of $1.68 billion recorded between January and April, the KCIF reported. The organization attributed this trend to the increased adoption of stablecoins and changes in global financial regulations, noting that the recent U.S. GENIUS Act played a role in the shift.
BitMine Immersion Technologies, which focuses on Ether-staking operations, has been a major beneficiary of this shift in investment strategy. According to data from the Korea-s-crypto-traders-flock-to-3-6-billion-ether-eth-hoarder” rel=”noopener nofollow”>Korea Securities Depository, retail investors in South Korea invested $259 million in BitMine shares since July, making it the most-purchased overseas security stock during that month. The company recently increased its Ether holdings by 410.68% over the last 30 days, reaching 833,100 ETH. As ethereum’s price rose above $4,300, BitMine’s holdings climbed in value to nearly $3.6 billion—a 24% increase from their worth one day before.
The KCIF also linked the growing appeal of crypto equities to wider acceptance of stablecoins in financial markets and new legislative developments like the GENIUS Act.
Meanwhile, Vitalik Buterin, Ethereum’s co-founder, endorsed public companies purchasing Ether but cautioned investors against using excessive leverage. In an interview on the Bankless podcast, he said: “The downfall of ETH could come if treasuries turned into an overleveraged game.” Buterin explained that sharp declines in ETH price could lead to a cascade of liquidations, but added he believes many investors remain disciplined.
The report also noted BitMine now holds the largest publicly reported Ether stack in the world. According to industry observers, this surge in interest could hint at a new phase of decentralized finance, often called “DeFi Summer 2.0.” For further information, the original report referenced is available through Yonhap News Agency.
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