# HYBE to transfer its entire $285.6M stake in crypto firm Dunamu to US subsidiary HYBE Americas

- URL: https://talkfuse.com/story/hybe-to-transfer-its-entire-285-6m-stake-in-crypto-firm-dunamu-to-us-subsidiary-hybe-americas/
- Published: 2026-11-04T18:19:42+00:00
- Updated: 2026-11-04T18:54:39+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/hybe-to-transfer-its-entire-285-6m-stake-in-crypto-firm-dunamu-to-us-subsidiary-hybe-americas/
- Topics: Americas, Business, Crypto, World

## Key points

- HYBE is moving its 2.47% Dunamu stake to its US subsidiary.
- The shares are valued at about $285.6 million.
- A planned Naver Financial swap could replace the Dunamu shares.

## Summary

HYBE plans to transfer its entire 2.47% stake in Dunamu, the operator of South Korea’s Upbit crypto exchange, to its wholly owned US subsidiary, HYBE Americas. The shares are valued at about $285.6 million, and the move is intended to place management of the investment under a global business hub while keeping HYBE’s indirect ownership.

HYBE will contribute 861,004 Dunamu shares in exchange for 285,583,122 newly issued HYBE Americas shares, rather than receiving cash. The transfer is scheduled for 30 November, subject to regulatory and corporate conditions, and the final share count could change. Dunamu shares are also covered by a planned swap with Naver Financial, currently scheduled for 31 March 2027; if completed, HYBE Americas would receive Naver Financial shares. Dunamu reported 2025 revenue of KRW 1.56 trillion and net profit of KRW 708.9 billion, both down on 2024.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.