U.S. Stock Holdings Hit Record Again Amid Virtual Asset Stock Boom

The volume of U.S. stocks held by individual investors investing in the U.S. market has once again reached an all-time high. It is reported that virtual asset (cryptocurrency) related stocks played a central role in this phenomenon.

According to Korea Securities Depository (KSD) on the 16th (Korea time), the domestic holdings of U.S. stocks stood at $137.7 billion (about ₩190.5 trillion) as of the 12th. This is an increase of about 22.7% compared to the beginning of the year ($109 billion).

It was found that many virtual asset-related stocks were among the most popular U.S. stocks recently. Over the past month, 3 out of the top 10 U.S. stocks by net purchases were related to virtual assets.

The company that ranked first in total net purchases was BitMine Immersion Technologies, a firm that has pivoted to holding Ethereum (ETH) reserves. Over the past month, it attracted net buying of $292 million. Following that, another Ethereum holding company, SharpLink Gaming ($122 million in net purchases), and the cryptocurrency exchange Coinbase ($118 million in net purchases), ranked seventh and eighth, respectively.