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South Korean game developers Nexon and Wemade: Currently no intention to take profits from Bitcoin

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#Bitcoin
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$WEMIX
ForesightNews
399Words
Nov 21, 2024

According to Foresight News and reports from Edaily, South Korea's two major gaming companies, Nexon and Wemade, have confirmed that they currently have no plans to realize profits from their holdings of Bitcoin. As of November last year, Nexon was listed as the 13th largest company in the world by Bitcoin holdings. In 2021, Nexon invested approximately $100 million (113 billion KRW) to acquire 1,717 Bitcoins, with an average purchase price of $58,226 (about 65.80 million KRW) at that time. According to the Q3 2024 quarterly report, Wemade invested 17.30 billion KRW through various methods including $Wemix securitization, and as of September last year, held 223 Bitcoins.

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