# HYBE Moves $285.6M Crypto Stake to US Subsidiary

> HYBE transfers $285.6M Dunamu stake to US subsidiary HYBE Americas.
- Title: HYBE Moves $285.6M Crypto Stake to US Subsidiary | Shortify
- Summary: HYBE transfers $285.6M Dunamu stake to US subsidiary HYBE Americas. HYBE moves all Dunamu shares to its US subsidiary HYBE Americas in exchange for 285.583…
- Keywords: hybe, dunamu, hybe americas, crypto, share transfer, nfl, seahawks, seattle, music, Music Business Worldwide
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/hybe-to-transfer-its-entire-285-6m-stake-in-crypto-firm-dunamu-to-us-subsidiary-hybe-americas
- Published: 2026-11-04T18:19:42+00:00
- Read time: 1 min
- Topics: hybe, dunamu, hybe americas, crypto, share transfer, nfl, seahawks, seattle, music, business
## HYBE Transfers Dunamu Shares
HYBE is transferring all of its shares in Dunamu, the operator of South Korean crypto exchange Upbit, to its US subsidiary HYBE Americas.
## Share Valuation Details
The 861,004 Dunamu shares are valued at KRW 378.2 billion (approximately USD $285.6 million) in a filing published on South Korea’s DART disclosure system on October 27.
## Exchange Mechanism
HYBE will contribute the shares in kind, receiving 285,583,122 newly issued shares in HYBE Americas Inc. in exchange, rather than cash.
## Previous Capital Injection
The Dunamu transfer follows HYBE’s approval in March of a $100 million capital injection into the same subsidiary, then called HYBE America Inc.
## Board Approval Timeline
HYBE’s board approved the Dunamu transfer on October 27, with HYBE Americas’ board approving the share issue on October 26.
## Share Value and Exchange Rate
The latest filing values each Dunamu share at KRW 439,252, with new shares issued at $1.00 each using the exchange rate of KRW 1,324.30 per US dollar on October 26.
## Completion Date and Conditions
The transfer is scheduled to complete on November 30, subject to Bank of Korea approval and HYBE Americas amending its articles of incorporation.
## Indirect Ownership After Transfer
After the transfer, HYBE will no longer hold any Dunamu shares directly but retain an indirect holding through its wholly owned subsidiary.
## Key takeaway

HYBE moves all Dunamu shares to its US subsidiary HYBE Americas in exchange for 285.583 million new shares, completing the transfer by November 30.