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South Korea’s retail investors have thrown Tesla shares in the past four months, which led to their attention to encryption shares amid increasing disappointment with the ELON Musk electric car manufacturer.
this According to September 1 a report Written by Bloomberg, who says Investors sold 657 million dollars in Tesla’s shares last month and $ 1.8 billion at the end of the four. The report added that this was the largest external flow of Tesla’s share since 2019.
This is despite Tesla shares that pump more than 10 % last month, according to Google Finance.
Korean investors resort to encryption
The report said that retail traders in South Korea were one of the most important rules of investors in Tesla, and they helped fuel stock gatherings in the past.
But they now resorted to the encryption sector, including Ethereum Treasury Technologies, which absorbed about $ 253 million of Korean investors in August.
The company is currently the largest car holder ETH. according to StrategyThe company has about 1.8 million ETH in its public budget, which is worth about $ 7.94 billion.
Top 10 Treasury companies (Source: Strategy)
This is more than twice the holdings of the largest company of the Treasury Department in ETH, Sharplink Gaming. With Ethereum founder Joe Lubin as President, Sharplink currently owns 797.7 thousand ETH at a value of $ 3.53 billion at current prices in her reserves.
Looking at BitMine’s large ETH holdings, the company is often seen as a rhetoric of the pioneering prokine.
Over the past 24 hours, the ETH price has decreased by 0.28 % to trade at $ 4441.45 as of 6:15 am US EST. During the same period, the shares fell in a bomb form (BMNR) more than 4 %, according to the data from Google Financing.
ETH and BMNR extended their losses over the past week with the recent decline. During the past 7 days, Ethereum has seen its prices decreased more than 3 %, while BMNR fell more than 16 %.
BitMine is not the only encryption arrows that are witnessing flows from the Korean retail market. The August 27 report of 10X Research shows that investors in the region are also buying in the United States Crypto Exchango Coinbase and Circle, Source is the second largest stablecoin by Cap Market, US dollar currency (USDC) ..
The company said in its report: “Korean investors are investing billions of dollars in encryption shares, and reshaping global flows in ways that Wall Street can no longer ignore.”
“Korean investors invest billions of dollars in encryption stocks, and reshape global flows in ways that Wall Street can ignore,” @10x_research Notice in a recent report. “The batch was amplified by us and the Korean legislation, and created a strong background for this increase …
– 10x Search (@10x_research) August 31, 2025
“The batch has been amplified by us and the Korean legislation, which created a strong background for this increase in capital,” added 10x Research.
Even with the low stock prices in Crypto, which the company said is due to interest rate cuts in the Federal Reserve in the United States, the demand for these shares from the Korean retail market has not been reduced.
The number of South Korean investors who have more than 750 thousand dollars in encryption exceeds 10 thousand
Amid external flows of technology shares such as Tesla, there was an increase in the number of South Korean investors who have more than $ 750,000 in encryption.
On August 25, Korea Times She mentioned that the number of South Korean investors who keep this amount in digital assets in local stock exchanges exceeded 10,000. The report added that most investors are in the fifties of life, but investors in their twenties have the highest average holdings.
The average encryption of these investors was 217 times larger than the average amount of Korean that he won over five main encryption exchanges, including Upbit, Bithumb, Coinone, Korbit and Gopax.
Combined, these exchanges had more than 10 million people who used their platforms as of August 5.
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