Nexon Invests $100 Million In Bitcoin, Joins Other Companies In The Bitcoin Race
Japanese gaming giant, Nexon has announced the purchase of 1,717 BTC worth an estimated $100 million at an average price of $58,226. Purchase Is To Protect Shareholder Value According to an announcement published on the 28th of April, Nexon bought a total of 1,717 Bitcoins. Each coin was gotten at an average price of $58,226, […]
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Japanese gaming firm Nexon has purchased 1,717 bitcoins for approximately $100 million. The company believes “bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.” Japan’s Nexon Buys Bitcoin Major gaming company Nexon Co. Ltd. announced Wednesday that it has purchased 1,717 bitcoins for approximately $100 million (¥11.1 billion) at an average price of approximately $58,226 per bitcoin, inclusive of fees and expenses. The Tokyo stock exchange-listed company noted: This purchase represents less than 2% of....
The online games and virtual world creator has snapped up 1,717 Bitcoin for $58,226 each as it believes the cryptocurrency offers “long-term stability and liquidity.” Major Japanese game developer Nexon has become the latest publicly-listed firm to make a significant investment into Bitcoin.On April 28, Nexon announced it had purchased 1,717 BTC for roughly $100 million at an average price of $58,226 each after fees. The firm noted the investment represents less than 2% of its “total cash and cash equivalents on hand.” Owen Mahoney, Nexon’s president and CEO, stated:“Our purchase of....
Video game publisher Nexon has purchased 1,717 bitcoin for about $100 million to hedge against potential currency debasement.
The Barcelona FC captain has announced his official inception into the non-fungible token (NFT) industry by investing $4.3 million in the fantasy football platform Sorare. Barcelona FC Player Invests in NFT Fantasy Football Platform Sorare, Joins as Strategic Advisor According to Sifted, Gerard Piqué joined a seed extension round led by U.S.-based fund Cassius Family that brought a total seed of $8.6 million to the platform, allowing users to purchase and trade digital cards via NFT for professional footballers. Moreover, as per the company’s official announcement, the....
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange. After a troubled few months, crypto exchange Bithumb looks like it's set on turning over a new leaf through an acquisition by one of South Korea's top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has signed a memorandum of understanding, or MoU, to acquire the exchange at an evaluated price of 650 billion won ($460 million).Nexon, led by CEO Kim Seoung-Ju, will....