Woori Technology Investment, a South Korean venture capital firm, plans to sell its 7.22% stake in Dunamu, the operator of Upbit, after holding it for nine years. The stake, initially acquired in 2015 for US$3.89 million, is now valued at approximately US$300.88 million according to Dunamu's third quarter report submitted to the Financial Services Supervisory Authority of South Korea. The sale is expected to be executed through a block trade.

PANews reported on December 4 that according to Bloter, South Korean venture capital firm Woori Technology Investment intends to sell its 7.22% stake in Upbit operator Dunamu after holding it for nine years. According to Dunamu's third quarter report submitted to the Data Analysis, Retrieval and Transmission System (DART) of the Financial Services Supervisory Authority (FSS) of South Korea, the stake is valued at approximately US$300.88 million, while its acquisition cost in 2015 was only US$3.89 million. The share sale is expected to be conducted through a block trade.

Woori Technology Investment to Sell Stake in Upbit Operator Dunamu