[Featured Stock] Vidente, Bitcoin Approaching 80 Million Won... Excitement Over Expectation of All-Time High Breakthrough

[Asia Economy Reporter Hyunseok Yoo] Bident is showing strong performance. It appears that the news of the Bitcoin-related exchange-traded fund (ETF) being listed on the New York Stock Exchange and closing higher on its first day influenced this trend.

As of 2:20 PM on the 20th, Bident was trading at 11,350 KRW, up 8.10% (850 KRW) compared to the previous trading day.

The Bitcoin ETF closed up 4.5% on its first day of trading on the New York Stock Exchange. Additionally, the price of Bitcoin is approaching an all-time high. The cryptocurrency exchange Bitcoin also recorded a price in the 78 million KRW range. In April, the domestic Bitcoin price was 81.99 million KRW.

Bident holds shares in Bithumb Korea, the operator of Bithumb, and its holding company Bithumb Holdings, making it a representative Bitcoin-related stock. Currently, Bident directly holds 10.23% and 34.22% stakes in Bithumb Korea and Bithumb Holdings, respectively.