BTS Members Make $8.4 Million in Profit By Selling a Chunk of Their Shares in HYBE

BTS selling HYBE stocks
BTS selling HYBE stocks
Credit: Big Hit Music

Some of BTS members have sold off a portion of their HYBE shares, making approximately a total of $8.4 million profit.

According to the Data Analysis, Retrieval, and Transfer System (DART), BTS’ RM, Jin, and J-Hope have started selling their HYBE shares from last October to early November. The market value of HYBE’s capital reached its peak when the company had made the announcement regarding the idol group’s �offline concerts back in mid-October.

Yumi's Cells

Among the three members who sold off their stocks, Jin is reported to have sold the largest share he received. On October 19th, Jin sold 16,000 shares and is estimated to have earned about $4.45 million. J-Hope has made around $1.56 million from selling off the 5,601 shares on October 22nd. The leader of the group, RM also decided to trade 10,385 shares from October 13th to November 9th and has bagged around $2.89 million in just seven days.

On November 17th, even after the members sold their HYBE shares, stock prices rose to around $360 per share on that day. Suga, Jimin, V, and Jungkook still own the full 68,385 shares of HYBE stocks. According to the close price on December 1st, J-Hope, RM, and Jin each respectively made about $25 million, $23 million, and $20.9 million.

Source (1)

Translator Esther Lee: I’ll be providing you with up-to-date, reliable Korean entertainment news. Enjoy!

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