Samsung Securities to Acquire 2% Stake in Dunamu for $204 Million

KuCoinFlash

Release Time: 05/28/2026 01:24:48

BTC

$74,071.100.86%

Summary

Samsung Securities has agreed to acquire a 2% stake in Dunamu, operator of Upbit, for 306.3 billion KRW ($204 million), or 439,000 KRW per share. The sellers are Kakao Investment, Kakao Ventures, and other Kakao-affiliated funds. The transaction values Dunamu at 15.3 trillion KRW ($102 billion), consistent with Hanwha Investment’s prior stake purchase. Samsung cited expansion in digital assets and growth in synergies. Amid the ongoing debate over securities versus commodities, the move may also align with Countering the Financing of Terrorism (CFT) compliance efforts.

Odaily Planet Daily report: Samsung Securities has passed a board resolution to acquire 2% of Dunamu’s shares, approximately 697,000 shares, for KRW 306.3 billion (approximately $204 million), at an acquisition price of about KRW 439,000 per share.

The sellers in this transaction include Kakao Investment, Kakao Ventures, the Kakao Youth Startup Fund, and the KIF-Kakao Woori Bank Technology Finance Investment Fund. Based on the transaction price, Dunamu’s overall valuation is approximately KRW 15.3 trillion (about USD 10.2 billion).

Samsung Securities stated that this investment aims to enhance the competitiveness of its digital asset business and expand related synergies. Previously, Hanwha Investment & Securities had acquired Dunamu shares held by Kakao Investment at the same valuation. (Yonhap News)

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.