Bithumb is reportedly restructuring its investment and holding units as part of a broader strategy to prepare for a potential initial public offering (IPO).
According to a recent regulatory filing, the exchange plans to establish a separate entity for its holding and investment business this summer, marking a significant step toward its goal of a Nasdaq listing.
The corporate restructuring, scheduled for July 31 as indicated in a notice to shareholders, will result in the creation of a new company called Bithumb A. This entity will consolidate Bithumb Holdings and Bithumb Investment, aiming to reduce risk and sharpen each unit’s focus, which manages the exchange’s operations. It will continue under its current structure, ensuring stability while restructuring occurs. A shareholder vote on this plan is set for June 12. The restructuring aims to reduce risk and enhance focus while maintaining current operations. Bithumb is also considering going public, with potential plans for a Nasdaq listing, although details are limited. The new entity will include domestic and international subsidiaries to bolster its global presence.
This corporate restructuring comes on the heels of Bithumb’s positive financial results for 2024, which showed significant growth compared to the previous year. The company reported an operating profit of 130.7 billion won (approximately $90.1 million), a remarkable recovery from the operating loss of 14.8 billion won in 2023. Revenue surged by 265.4% year-over-year, reaching 496.3 billion won, a jump attributed to the recovery of the crypto market.
Bithumb also announced the addition of AMP to its Korean won (KRW) trading market, which aligns with its expansion efforts. Trading for AMP is set to begin at 4:00 PM KST on Friday, April 4, 2025, with an initial base price of 5.091 won. This follows the recent listing of Bubble Maps (BMT) on March 18, 2025, which debuted at a base price of 211 won, further diversifying Bithumb’s digital asset offerings.
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