Japan’s largest video game developer buys $ 100 million worth of bitcoins


Information publication RBC today, April 28, with reference to representatives of Nexon, reported that the largest Japanese developer and publisher of video games purchased 1,717 bitcoins, which is approximately $ 100 million at the current rate of 58.2 thousand dollars per unit. However, Owen Mahoney, President and CEO of the Japanese giant, said that the investment is not so significant for the company – it is only 2% of the current total funds of Nexon. And the reason why the company decided to invest in cryptocurrency is called banal stability in the long term.

Owen added that under current economic conditions, it is Bitcoin that can provide the investor with the greatest stability and, of course, liquidity. Due to this, the Japanese video game developer plans to save some of his funds in order to invest in new projects in the future. The CEO of Nexon also believes that Bitcoin will most likely be able to retain its value, although at the moment the cryptocurrency has not yet received widespread adoption in the world. And, apparently, investment in cryptocurrency can be safely called a new trend for large companies, which was started by Elon Musk.

It is worth recalling that in February of this year, the head of Tesla announced that the company was investing $ 1.5 billion in bitcoin, and in March Musk sold 10% of the total volume of the cryptocurrency, reporting a net profit of $ 100 million from this transaction. The Hong Kong company Meitu also invested in the cryptocurrency, which also brought its asset to $ 100 million – for this amount, the technology giant bought virtual coins. But that Tesla, that Nexon is far from the first place in this matter – the largest owner of bitcoins at the moment is MicroStrategy, which, according to analysts, owns 91.5 thousand BTC – this is equivalent to $ 5 billion.

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