Gaming company Nexon has decided to invest $ 100 million in Bitcoin. This South Korean–Japanese gaming developer focuses on computer games, but especially on mobile games. The company, which employs over 6,400 people, was founded on December 26, 1994 and has created more than 80 game titles to date. However, yesterday the company decided to join the crypto sphere as well, and according to their official statement, gaming giant Nexon invested $ 100 million in the cryptocurrency Bitcoin and currently owns 1,717 BTCs.
„Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,“
– Owen Mahoney, President and CEO of Nexon.
He added that the cryptocurrency “offers long-term stability and liquidity while maintaining the value of our cash for future investments,” following the statement of the carmaking giant Tesla. The company said this week that “Bitcoin has long-term value and can be used to solve cash liquidity problems.”