[기업 투자 X파일]빗썸에셋, 장부 80%가 파트너스…3038억 향방은

Bithumb Asset's investment portfolio is heavily concentrated in a single subsidiary (80%), raising concerns about its strategic independence following regulatory-driven separation. The critical test lies in deploying its 304 billion won cash reserve toward diversified Web3, RWA, and M&A investments—outcomes that will determine whether the company can establish viable independence or remains a financial engineering vehicle.