Tscientific Gains Attention Over "7.17% Bithumb Stake" Amid Bitcoin Rally

As Bitcoin continues its upward trend, Tscientific, a company holding a stake in the domestic virtual asset exchange Bithumb, is drawing attention from the market.

As of 9:28 a.m. on August 24, Tscientific was trading at 1,831 won, up 19.92% from the previous day.

Recently, Bitcoin surged to the high $70,000 range, maintaining a rebound trend. In May, it was reported that more than $700 million flowed into Bitcoin-related products amid continued inflows of institutional funds into cryptocurrency funds.

In the Korean stock market as well, investment sentiment for virtual asset-related stocks is reacting sensitively to Bitcoin price movements. When the virtual asset market shows strength, expectations for increased trading volume and transaction value grow, leading to a renewed focus on the asset value of companies holding stakes in exchanges.

Tscientific is known as the third-largest shareholder, holding a 7.17% stake in Bithumb, one of Korea's major virtual asset exchanges.

Accordingly, there is speculation that if the rise in Bitcoin prices improves investment sentiment for virtual assets and stimulates trading, Bithumb's earnings and corporate value could increase, and this expectation is being reflected in Tscientific as well.

In fact, Tscientific has previously attracted attention during periods of rising Bitcoin prices due to its stake in Bithumb. In 2024, when Bitcoin surpassed 100 million won on domestic exchanges, investor interest was drawn to Tscientific's 7.17% stake in Bithumb.

This content was produced with the assistance of AI translation services.