The maneuver highlights the pressure digital asset treasury stocks face, with many once-high-flying names now trading below the value of the crypto on their books.
Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.
Despite the drop, trading volume was only 7.55% above the weekly average, suggesting routine profit-taking rather than a significant shift in sentiment.
What began as a triumphant October for bitcoin quickly devolved into chaos as a $19 billion derivatives wipeout and a 17% price plunge left traders reeling.
The IBM Digital Asset Haven, developed with Dfns, aims to offer banks, governments and enterprises a full-stack platform for token custody, governance and compliance.
The health tech firm’s raise, backed by Kraken and Exodus, could bring proceeds to $216 million as it targets $1 billion in annual revenue and BTC holdings.