[Bitcoin Now] Dunamu Surpasses 340,000 Won in OTC Trading... Sets New Annual High

Up 77% Since the Beginning of the Year...
Strong Performance and Market Activation Expectations
Chairman Song Chi-hyung's Stake Value Surpasses 3 Trillion Won

Dunamu, the operator of the virtual asset exchange Upbit, surpassed 340,000 won per share in the over-the-counter stock market, marking its highest price of the year. The stake value of Song Chi-hyung, Chairman of the Board and the largest shareholder of Dunamu, has also exceeded 3 trillion won.

According to the unlisted stock trading platform Securities Plus Unlisted on September 17, Dunamu's reference price as of 4 p.m. the previous day reached 341,000 won, setting a new annual high. This represents a surge of nearly 77% compared to 193,000 won on January 2. Dunamu had previously hit its all-time high of about 540,000 won in November 2021 before entering a downward trend, even falling to the 70,000 won range in 2023. Since then, it has successfully rebounded, recently recovering to the 300,000 won range.

With the rise in share price, the value of major shareholders' stakes has also increased significantly. As of the first half of the year, Chairman Song holds 8,896,400 shares (a 25.53% stake). The value of his shares amounts to approximately 3.03 trillion won. This is nearly double the 1.6725 trillion won recorded at the end of last year. Vice Chairman Kim Hyungnyun (13.11%) also saw his stake value rise from 858.9 billion won to 1.558 trillion won. Kakao Investment (10.59%) increased from 693.7 billion won to 1.2583 trillion won, and Woori Technology Investment (7.20%) grew from 471.9 billion won to 856 billion won.

The background for Dunamu's share price increase includes favorable developments in the global virtual asset market. Last year, the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), which significantly boosted investor interest. Additionally, when President Donald Trump announced Bitcoin-related pledges during his presidential campaign, both the prices and trading volumes of major virtual assets rose simultaneously.

Positive momentum continued in South Korea as well. With global interest in stablecoins rising, related bills addressing issuance requirements, supervisory systems, and user protection have been proposed in succession domestically, raising expectations for the activation of the virtual asset industry.

As a result, Dunamu's performance has also improved. Last year, Dunamu posted sales of 1.7316 trillion won and operating profit of 1.1863 trillion won, up 70.0% and 85.1%, respectively, from the previous year. In the first half of this year, sales and operating profit reached 801.9 billion won and 549.1 billion won, respectively, representing increases of 1.8% and 11% compared to the same period last year, continuing the growth trend.

Upbit's efforts to diversify its revenue model are also receiving positive evaluations. Moving away from a structure dependent on trading fees, Dunamu recently unveiled its own Web3 infrastructure project, GIWA, at the "Upbit Developer Conference (UDC) 2025." At UDC 2025, CEO Oh Kyungseok emphasized, "We are steadily preparing future financial infrastructure such as blockchain, wallets, travel rule solutions, and custody," adding, "We will create K-finance that expands beyond Asia to the global stage."