- Bithumb restructures by spinning off non-exchange operations into a separate entity called Bithumb A.
- IPO ambitions with plans to list on both the domestic stock market and Nasdaq in the second half of 2025.
Bithumb, the South Korean crypto exchange, extends its market domination by executing a major corporate restructuring plan. The company will establish a distinct entity for its non-exchange operations by July 31, 2025, to make distinct business boundaries between exchange activities and other ventures.
Bithumb continues To Focus on Nasdaq
The corporate restructuring stands as a vital part of Bithumb’s IPO plans, aimed at the second half of 2025. Samsung Securities serves as the underwriter for the exchange, which plans to list on both the domestic stock market and the Nasdaq exchange. The strategic partition seeks to shield the exchange operations from non-exchange risks while building specialized knowledge throughout both business segments.
The new entity Bithumb-A will serve as the spin-off entity to manage investment-related holdings and new business ventures. New shares will emerge from the restructuring process at a rate of 56:44 between Bithumb exchange and the newly formed corporation. Shareholders will obtain new shares based on their existing holdings before an extraordinary shareholder meeting on June 13 confirms the corporate restructuring.
The company implemented this corporate reorganization after achieving remarkable financial results, where Bithumb generated $110 million in net profits for 2024. During the same period, Upbit generated $671 million in net profits, whereas Bithumb produced significantly lower profits at $110 million despite its impressive year-over-year growth.
The representative stated this restructuring provides better stability than previous attempts because Bithumb aims to establish itself as “a more trusted virtual asset exchange” while investing in IT sectors and protecting user data. The company establishes separate accountability systems to achieve quantitative and qualitative business expansion in its diverse sectors.
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