The deal marks Samsung’s largest crypto-related investment as Kakao offloads $1.5 billion in Dunamu equity within a month.
Three Samsung affiliates will purchase a 4% stake in Dunamu, operator of South Korea’s largest cryptocurrency exchange Upbit, for $408 million. Samsung Securities leads the deal with a $200 million investment for a 2% stake, while Samsung Card and Samsung SDS each acquire 1% holdings.
The transaction follows Kakao’s recent sale of $1.5 billion in Dunamu equity over the past month, including a $600 billion stake to Hana Bank. Samsung has been expanding its crypto footprint since launching a digital asset wallet in 2019.
The deals are set to close on June 19, reinforcing Samsung’s position in the blockchain sector amid growing institutional interest in digital assets.