Japanese game developer Nexon invested in bitcoin $100 million – Bits Media

Japanese game development company Nexon, Tokyo Stock Exchange, announced an investment in bitcoin in the amount of $100 million. The exact date of purchase is not reported.

According to the official application, Nexon bought 1 717 BTC for the price $58 226 for a coin. The amount of investments amounted to $100 million, including commissions. Now the bought BTCs are evaluated in $94 million. Moreover, the amount of investment amounted to less 2% From the funds at the disposal of cash. NEXON General Director Owen Mahoni (Owen Mahoney) stressed:

“Buying BTC reflects our strategy for protecting the value of the company and maintaining the purchasing power of our monetary assets. We count, that in the current economic situation, Bitcoin offers long -term stability and liquidity, and also allows you to maintain the cost of our free funds for future investments ".

Note, that Nexon was founded in 1990 year in South Korea, and then relocated to Japan, where in 2011 year I went to the Tokyo Stock Exchange. Moreover, it remains a subsidiary of the South Korean conglomerate NXMH. At the beginning of the year it was reported, that Nexon is interested in buying a cryptocurrency exchange of BitHumb, However, then this information was refuted.