Deals
Plastic Surgeon Buys $352 Million Stake in South Korea Crypto Exchange
- Group led by Kim Byung-gun increases its bet on Bithumb
- South Korea is home to some of the biggest crypto venues
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A group led by plastic surgeon and startup investor Kim Byung-gun is boosting its bet on Bithumb, one of South Korea’s largest cryptocurrency exchanges.
Kim’s BK Global Consortium signed a deal to buy 50 percent plus one share of BTC Holding Co., the largest investor in Bithumb’s operator, for about 400 billion won ($352 million), according to a spokesperson for the trading platform. BK Global Consortium was already the fifth-largest shareholder of BTC Holding.