-

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 purchasing power of our cash assets,” said Owen Mahoney, President and CEO of Nexon. “In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

About NEXON Co., Ltd. http://company.nexon.co.jp/en/

Founded in 1994, NEXON Co., Ltd. (Nexon) (3659.TO) is a company engaged in the production, development and operation of online games and Virtual Worlds. First listed on the Tokyo Stock Exchange in December 2011, Nexon was placed on JPX400 in 2015 and added to the Nikkei Stock Index 300 in 2017. In 2020, Nexon was added to the Nikkei 225. Nexon currently has more than 50 live games on multiple platforms including mobile and available in more than 190 countries. Major game franchises include MapleStory, KartRider and Dungeon&Fighter.

______________________________

1 Cash and cash equivalents as of December 2020

 

Contacts

Jeff Brown
NEXON Co., Ltd. Corporate PR
CorporatePR.Team@nexon.co.jp

Industry:

NEXON Co., Ltd.

TOKYO:3659
Release Versions
English

Contacts

Jeff Brown
NEXON Co., Ltd. Corporate PR
CorporatePR.Team@nexon.co.jp

More News From NEXON Co., Ltd.

Nexon Releases Earnings for Second Quarter 2026

TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in online games, today announced financial results for its second quarter, ending June 30, 2026. “We are pleased to report Nexon’s second quarter results, with both revenue and operating income coming in above our outlook, driven by strong performances of our MapleStory franchise and the ongoing success of ARC Raiders,” said Nexon President and CEO, Junghun Lee. “We are now looking ahead to a diversified pipeline of prod...

Nexon and Electronic Arts Extend Publishing Partnership for FC Franchise in Korea

TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in online games, announced an agreement with Electronic Arts (EA) to extend their partnership for publishing the FC franchise in Korea. The long-term agreement secures the future of Korea’s most popular football franchise. Under the agreement, Nexon and EA will expand investment in growing the EA SPORTS FC™ fanbase and collaborate to continuously deliver authentic experiences. “Nexon’s partnership with EA is based on a s...

Nexon and Tencent Extend Publishing Partnership for Dungeon&Fighter PC in China

TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in online games, today announced a ten-year renewal to the long-standing partnership with Tencent in publishing Nexon’s flagship PC action RPG Dungeon&Fighter in China. Terms of the agreement were not released. “Dungeon&Fighter players in China will be pleased to know that Nexon and Tencent have signed a long-term agreement to provide another decade of great experiences in their favorite PC game,” said Junghun Le...
Back to Newsroom