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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 2,510 JPY | +1.83% |
|
+4.52% | -2.32% |
| Apr. 22 | NEXON Co., Ltd.'s Highly Anticipated Dungeon&Fighter Mobile to Launch in China on May 21, 2024 | CI |
| Apr. 22 | Tencent Shares Gain on 'Dungeon & Fighter Mobile' Release Plans | DJ |
TOKYO (Reuters) - Japanese games maker Nexon said on Wednesday it has spent around $100 million to buy bitcoin, joining companies like Tesla in lending support to the cryptocurrency.
Nexon said it has used less than 2% of its reserves on the purchases, which were made at an average cost of $58,000 per bitcoin.
"We believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments," Nexon CEO Owen Mahoney said in a statement.
Nexon has been investing in entertainment companies like Konami as it looks to put its cash reserves to work.
(Reporting by Sam Nussey; Editing by Himani Sarkar)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 66,117 USD | -1.13% | +5.40% | - | ||
| 61,982 EUR | -1.23% | +5.04% | - | ||
| 9,287 JPY | -0.93% | -0.57% | 8.21B | ||
| 142 USD | -3.40% | -12.03% | 453B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -2.32% | 13.37B | |
| +1.85% | 59.34B | |
| +33.78% | 8.68B | |
| +0.32% | 6.29B | |
| -8.61% | 5.23B | |
| +12.17% | 4.38B | |
| -20.54% | 4.16B | |
| +0.86% | 3.48B | |
| -7.18% | 2.71B | |
| -16.98% | 2.68B |
NEXON CO., LTD. 
