Deep Tide TechFlow News, on January 6, according to Korean media reports, South Korean cryptocurrency exchange Bithumb will reorganize its subsidiary Bithumb Meta into Bithumb Partners and increase its capital to 30 billion Korean won (approximately 23 million US dollars). The new company will focus on short-term investment businesses such as stocks and convertible bonds. This move is interpreted by the market as Bithumb preparing for an IPO. Previously, LG CNS, CJ OliveNetworks, and SK Square, which invested in Bithumb Meta, liquidated their holdings in the second half of last year. The newly established Bithumb Partners is wholly owned by Bithumb, and its business model is similar to the investment company that Bithumb planned but later canceled in the personnel spin-off plan last March. Relevant Bithumb personnel stated that the choice to reorganize an existing company rather than establish a new one was mainly due to time costs. The new company will focus on managing Bithumb's existing assets and investing in short-term financial products, and it may expand to roles as strategic investors (SI) or financial investors (FI) in the future.