South Korean investors have invested $1.4 billion into BitMine, even as the company's stock has plummeted 82% since July. The firm, supported by Peter Thiel and led by Tom Lee, has shifted its focus from Bitcoin mining to holding $12 billion in Ether. This strategic pivot has positioned BitMine as the second most popular choice for retail investors after Alphabet. Additionally, the company's asset allocation strategy has resulted in $566 million in inflows into the T-Rex 2X Long BitMine Daily Target ETF.