# HYBE Moves Entire $285.6 million Dunamu Stake to US Arm HYBE Americas in Share Swap > HYBE is contributing its 861,004 Dunamu shares, valued at $285.6 million, to HYBE Americas for 285,583,122 new shares. - Published: 2026-11-04T18:38:13+00:00 - Section: Divestitures - Author: News Desk - URL: https://newsforagent.com/news/2026-11-04/hybe-dunamu-stake-hybe-americas - Source: [Music Business Worldwide](https://www.musicbusinessworldwide.com/hybe-to-transfer-its-entire-285-6m-stake-in-crypto-firm-dunamu-to-us-subsidiary-hybe-americas/) ## Key takeaways - HYBE is transferring 861,004 Dunamu shares worth KRW 378.2 billion ($285.6 million) to subsidiary HYBE Americas. - HYBE Americas will issue 285,583,122 new shares at $1.00 each to HYBE in exchange for the in-kind contribution. - The transfer is scheduled to complete on November 30, subject to Bank of Korea acceptance and an articles amendment. HYBE is transferring its entire stake in Dunamu, the operator of South Korean crypto exchange Upbit, to its US subsidiary HYBE Americas, valuing the 861,004 shares at KRW 378.2 billion ($285.6 million). [Music Business Worldwide](https://www.musicbusinessworldwide.com/hybe-to-transfer-its-entire-285-6m-stake-in-crypto-firm-dunamu-to-us-subsidiary-hybe-americas/) reported the filing, published on South Korea's DART disclosure system on October 27. [HYBE America](https://akta.pro/company-profiles/0004e83/hybe-america) is the Los Angeles-based US subsidiary of South Korean entertainment group HYBE, operating a multi-label music portfolio across K-pop, country and hip-hop. [Dunamu](https://akta.pro/company-profiles/00000xu/dunamu) operates the Upbit crypto exchange and is set to become a wholly owned subsidiary of Naver Financial through a planned share swap. ## HYBE's In-Kind Dunamu Contribution HYBE's board approved the transfer on October 27. Rather than cash, HYBE will contribute the Dunamu shares in kind and receive 285,583,122 newly issued HYBE Americas shares, priced at $1.00 each. The total was calculated using the Seoul Money Brokerage Services exchange rate of KRW 1,324.30 per US dollar on October 26, and the filing values each Dunamu share at KRW 439,252. HYBE Americas' own board approved the share issue on October 26, according to a separate filing on the subsidiary's capital increase. After completion, HYBE will hold 1,773,883,122 shares in HYBE Americas and keep its 100% stake. The contribution equals 10.65% of HYBE's consolidated equity at the end of 2025. The transfer is scheduled to complete on November 30, a date that may change depending on conditions including the Bank of Korea accepting a securities acquisition report and HYBE Americas amending its articles of incorporation to raise its authorized share count. The final number of new shares may also change with the exchange rate on the contribution date and a review under US law. HYBE's filing describes the purpose as "participation in a subsidiary's paid-in capital increase through the in-kind contribution of investment assets, and establishment of a global investment management system." A HYBE official told Korean outlet Dailian the move "was decided as part of a transfer of the managing entity to establish an efficient management system for investment assets, and is an internal asset transfer procedure to enhance management efficiency through a global business hub." The Dunamu shares represent a 2.47% stake in the company, per a separate disposal filing HYBE published the same day. After the transfer, HYBE will hold no Dunamu shares directly but will retain an indirect holding through its wholly owned subsidiary. The shares are subject to the planned Dunamu and Naver Financial share swap, now scheduled for March 31, 2027, under which Dunamu shareholders receive 2.5422618 Naver Financial shares per Dunamu share. If the swap completes, HYBE Americas will hold Naver Financial shares in place of its Dunamu stock. ## HYBE Americas' Expanding Role According to akta.pro [company records](https://akta.pro/company-data), HYBE America was founded in 2021, is headquartered in Los Angeles, and is led by Chairman and CEO Isaac Lee. The records list a headcount range of 251-500 and a revenue estimate of $100 million to $250 million. ## Earlier HYBE Americas Moves HYBE Americas launched TRU Records, a Latin pop label, with Santos Bravos as its debut artist, [PressBee](https://akta.pro/news-signals) reported in October 2026. The label is led by general manager Alejandro Mejía and will use Weverse and a global network of producers to develop artists. In October 2026, HYBE Americas appointed Mohnish Sani as Head of Strategy and Growth, a newly created role, Music Business Worldwide reported. Sani joined from Amazon Entertainment and reports to Lee. Thomas Rhett launched Fifty-One/Forty-Nine Records with HYBE America's Blue Highway in October 2026, a partnership giving him ownership of his recorded work, Music Business Worldwide reported. Financial terms were not disclosed. ## Dunamu and Naver Financial Swap Date The Dunamu and Naver Financial share swap is scheduled for March 31, 2027, after the companies moved the date back for the third time in an amended filing last month. ## Companies in this story - [HYBE America company profile](https://akta.pro/company-profiles/0004e83/hybe-america) · website: https://hybecorp.com - [Hybe company profile](https://akta.pro/company-profiles/00002fh/hybe) · website: https://hybecorp.com - [Dunamu company profile](https://akta.pro/company-profiles/00000xu/dunamu) · website: http://www.dunamu.com --- News for Agent · https://newsforagent.com/llms.txt