SK hynix's sale of Kioxia equity yields over $750 billion in profits

KuCoinFlash

Release Time: 06/17/2026 00:34:56

Summary

SK hynix's sale of its Kioxia equity through Bain Capital is expected to generate 40 trillion KRW ($264.6 billion) in profits. The company still holds a 14%-15% stake in Kioxia via convertible bonds, valued at approximately 7.9 trillion JPY ($49.2 billion). BCPE Pangea Cayman 1A reduced its stake to 0% by June 2026. Kioxia’s stock has surged over 5,000% since its listing and gained 700% year-to-date. On-chain data indicates strong institutional interest in altcoins to watch amid the rally.

Odaily Planet Daily reports: Analyst Jukan from Citrini posted on X that SK Hynix is expected to have realized a profit of 4 trillion Korean won, approximately $26.46 billion, from selling its stake in Kioxia through Bain Capital; SK Hynix still holds 14% to 15% of Kioxia’s equity in the form of convertible bonds, which, based on Kioxia’s current market capitalization, is valued at approximately 7.9 trillion Japanese yen, or about $49.2 billion.

BCPE Pangea Cayman 1A sold a total of 33.49 million shares over-the-counter, with 11.7 million shares sold on April 16, accounting for 2.14%; 3.27 million shares sold on June 4, accounting for 0.60%; and 18.52 million shares sold on June 11, accounting for 3.39%. The June 11 transaction was settled physically on June 15, reducing the entity’s stake from 3.99% to 0%.

Currently, only BCPE Pangea Cayman2, Ltd. holds 77.4 million ordinary shares of Kioxia, a stake considered to represent SK hynix’s position. Bain Capital’s investment in this transaction is regarded as one of the most profitable in private equity history. Since its listing, Kioxia’s share price has risen over 5,000%, with a 700% increase this year.

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