Three Samsung affiliates agreed to buy a 4% stake in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, Upbit, for a total of 612.8 billion won ($408 million), the Korea Herald reported. Investment bank Samsung Securities is set to take a 2% stake in Dunamu in a 306 billion-won cash transaction, from affiliates of […]
MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the […]
Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC). The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest […]
Tether, the issuer behind the nearly $150 billion USDT stablecoin, has finalized the purchase of a 70% stake in the Latin American agricultural firm Adecoagro (AGRO), which has a market cap of nearly a billion dollars. Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then offered to increase it […]