[Featured Stock] Vidente's Stock Price Rises Consecutively... Major Shareholder Inbiogen Also Reacts

[Asia Economy Reporter Jang Hyowon] Vidente's stock price has been on the rise for consecutive days.

As of 1:10 PM on the 23rd, Vidente is trading at 25,300 KRW, up 5.64% from the previous day.

The rise in Vidente's stock price is interpreted as benefiting from Bithumb receiving approval for its virtual asset business operator registration from the Financial Intelligence Unit (FIU) of the Financial Services Commission. Attention is focused on whether Vidente will break its previous high again, having set six new record highs just this month.

InvioGen, the largest shareholder who recently decided to invest an additional 30 billion KRW in Vidente's paid-in capital increase, also showed strength during trading hours. With this investment, InvioGen's stake in Vidente will increase to 16.69%. The expansion of the largest shareholder's stake is also positively influencing the increase in Vidente's corporate value.

Vidente is the single largest shareholder holding 10.23% and 34.22% stakes in Bithumb Korea and Bithumb Holdings, respectively, the operators of Bithumb. Bithumb's cumulative net profit for the third quarter was 768.4 billion KRW, an 818% increase compared to 83.7 billion KRW in the same period last year.

Recently, Vidente has been advancing into the metaverse market by promoting its NFT business. It is accelerating its business by collaborating with several companies such as Chorokbaem Media, which produced the hit drama Penthouse this year, and Wemade, known for the mega-hit game Mir4.