With Ethereum climbing past $4,000, BitMine Immersion Technologies is expanding its equity sale to $24.5 billion to grow its ETH reserves, tapping into rising institutional interest and a bullish market trend. Ethereum’s [ETH] climb past the $4,000 mark has sparked a fresh wave of interest from both retail traders and institutional players.

BitMine is also seeing an increase in large institutional players interested in its stock in South Korea. The country’s custody agency revealed that South Korean investors have poured a net $259 million into the stock since July, making the company the top overseas stock purchase in South Korea.