[Featured Stock] Bident Rises on News of Foreign Capital Joining Bithumb Acquisition Battle

[Asia Economy Reporter Minwoo Lee] Vidente's stock price is on the rise. The news that overseas capital has joined the acquisition of the cryptocurrency exchange Bithumb, of which Vidente is the largest shareholder, appears to have acted as a positive factor.

As of 10:16 AM on the 24th, Vidente's stock price recorded 12,550 KRW, up 7.26% from the previous day. This seems to be influenced by the news that, in addition to NXC, the holding company of Nexon, overseas private equity funds have also entered the bidding for Bithumb.

According to industry sources, Bithumb Holdings' Lee Jung-hoon has been negotiating the sale with NXC but has not been able to narrow the differences. Meanwhile, with the entry of overseas investors, it is known that the possibility of proceeding on a 'two-track' basis has increased.

Currently, Bithumb Holdings holds 74% of the shares of Bithumb Korea, the operator of Bithumb, and Vidente holds 10%. At the same time, Vidente also owns about 34% of Bithumb Holdings' shares.