10M
...
![](https://cryptocrunchapp.com/wp-content/uploads/2023/10/screen-shot-2023-10-30-at-72623-am.png)
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange.
The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary called Unita Capital, specifically created for investments in digital asset companies, according to local news sources.
Kasikorn is the country’s second-largest bank by assets under management, according to 2023 data from Statista.
Following the finalization of the acquisition, Satang Corporation will be rebranded as Orbix…
Read more on BitcoinMagazine