April 28, 2021

Nexon Purchases $100 Million Worth of Bitcoin

TOKYO–(BUSINESS WIRE)–NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the purchase of 1,717 bitcoins for approximately $100 million (¥11.1 billion) at an average price of approximately $58,226 (¥6,446,183) per bitcoin, inclusive of fees and expenses. This purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand1. “Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the pur


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