+- Southperry.net (https://www.southperry.net)
+-- Forum: Main (https://www.southperry.net/forumdisplay.php?fid=11)
+--- Forum: Nexon Announcements (https://www.southperry.net/forumdisplay.php?fid=20)
+---- Forum: Nexon in the News (https://www.southperry.net/forumdisplay.php?fid=26)
+---- Thread: Nexon Purchases $100 Million Worth of Bitcoin (/showthread.php?tid=80450)
Nexon Purchases $100 Million Worth of Bitcoin - Notify - 2021-04-27
More...
Business Wire Wrote: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