Nexon Buys Bitcoin Worth 113 Billion Won
[Asia Economy Reporter Buaeri] Nexon has purchased Bitcoin worth 100 million dollars (approximately 113 billion KRW).
Nexon's Japan branch announced on the 28th that it purchased 1,717 Bitcoins. The average purchase price was 58,226 dollars (approximately 65.8 million KRW).
This purchase amount accounts for less than 2% of Nexon's total cash and cash equivalents.
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Owen Mahony, CEO of Nexon Japan, stated, "The Bitcoin purchase is a strategy to enhance shareholder value and maintain the value of cash assets," adding, "In the current global economic environment, we believe Bitcoin will maintain stability and liquidity in the long term and preserve the company's cash value for future investments."
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