Nexon headquarters in Japan buys 113 billion won worth of Bitcoins
Nexon headquarters in Japan buys 113 billion won worth of Bitcoins
  • Jung Jun-ho
  • 승인 2021.04.29 10:16
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Nexon announced on April 28 that its Japanese corporation bought Bitcoins worth about $100 million (113 billion won).

The total number of purchased Bitcoins totaled 1,717 with an average unit price of $58,226 (65.8 million won). This is less than 2% of Nexon's total cash and cashable assets.

Considering the average unit price of the purchase, it is estimated that the Japanese corporation bought Bitcoins from February to March this year.

"In the current global economic environment, Bitcoin will continue stability and liquidity in the long term and maintain its cash value for future investments," said Owen Mahoney, CEO of the company.

Nexon has been interested in cryptocurrency. NXC, Nexon's holding company, acquired the country's first cryptocurrency exchange, "Covit" in 2016, and bought the European cryptocurrency exchange "Bitstamp" in 2018.

CEO Kim Jung-joo established 'ARQUES', a financial trading platform company, last year. It is heard that ARQUES is developing a global platform that invests and manages various financial assets including virtual currency.


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