An 80% Wipeout Hasn’t Stopped Korean Retail From Chasing Tom Lee’s BitMine

An 80% collapse would normally mark the end of a speculative trade. In South Korea’s retail-driven crypto ecosystem, it has done the opposite. BitMine Immersion Technologies, the Tom Lee–backed US-listed firm that reinvented itself as an Ether hoarding vehicle, now ranks second only to Alphabet among the most purchased overseas stocks by South Korean investors in 2025. Korean Retail Keeps Buying Tom Lee’s BitMine Even as the Stock Implodes That position has held even as BitMine’s shares plunged roughly 82% from their July peak, wiping out most of the gains from its explosive rally earlier this year source: https://beincrypto.com/korean-investors-bitmine-circle-crypto-infrastructure/