Analysis Crypto by Thebittimes.Com

South Korean retail investors dumped Tesla shares in the past four months, shifting their attention to crypto stocks amid growing disillusionment with Elon Musk’s electric car manufacturer. That’s according to a Sept. 1 report by Bloomberg, which says investors sold a net $657 million of Tesla stock last month and $1.8 billion in the past four. That was the largest outflow for Tesla stock since at least 2019, the report added. That’s despite Tesla shares pumping more than 10% in the last month, according to Google Finance. Korean Investors Turn To Crypto South Korean retail traders were one of Tesla’s most loyal investor bases, and helped fuel the stock’s rallies in the past, the report said.  But they’ve turned now to the crypto sector, including Ethereum treasury firm BitMine Immersion Technologies, which sucked in around $253 million from Korean investors in August. The company is currently the largest corporate holder of ETH. According...

Tom Lee’s BitMine is seeking to raise $20 billion through an expanded stock offering to buy Ethereum, aiming to become ETH’s Michael Saylor with the largest corporate acquisition of the asset to date. According to a filing on Tuesday, BitMine has expanded its at-the-market (ATM) stock offering, which allows it to sell shares gradually at prevailing market prices, from about $4.9 billion to $24.5 billion, a fivefold increase, with all proceeds expected to go toward ETH purchases. BitMine stock surged almost 6% on the news yesterday and has climbed a further 4.9% in premarket trading to reach $65.29 as of 8:09 a.m. est. Tom Lee is raising $20B to buy more Ethereum oh my goodness$BMNR $ETH pic.twitter.com/7g3W5a8N7C — amit (@amitisinvesting) August 12, 2025 This comes as Ether climbed above the $4,600 level, its highest since December 2021, as it closed on its previous high of $4,891 that it set in Nov. 2021.  ETH has surged 9.7% in the past 24 hours to trad...

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