Japanese gaming giant Nexon invests $100M into Bitcoin By Cointelegraph

Japanese gaming giant Nexon invests $100M into Bitcoin

Cryptocurrency Apr 28, 2021 01:40AM ET

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Japanese gaming giant Nexon invests $100M into Bitcoin

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:

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Japanese gaming giant Nexon invests $100M into Bitcoin

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