Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb
Cointelegraph
Published Oct 12, 2018 06:31AM ET
Updated Oct 12, 2018 06:41AM ET
Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb
A group led by one of South Korea's leading plastic surgeons, Dr. Kim Byung Gun, has made a major investment in crypto exchange Bithumb’s holding company. Bloomberg reported the news Friday, Oct. 12.
The surgeon’s BK Global Consortium has closed a deal to acquire “50 percent plus one share” of BTC Holding Co. – the largest investor in Bithumb’s operator – for around 400 billion won ($352 million), Bloomberg reports, citing a Bithumb spokesperson. The report states that BK Global Consortium was already the “fifth-largest” shareholder of BTC Holding.
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Written By: Cointelegraph
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