CEOs will see it ... sooner or later

[slaman29]

Just wanted to say hello to NEXON Co. that just announced purchase $100 Million Worth of Bitcoin at average price of approximately $58,226.
Nexon is listed in Japan so we need to wait to tomorrow to see how it will impact shares price.

Phew, big balls and big buys. Japanese companies don't play around with what they do so this means approval from the very top. Blue chip on Japanese stock exchange and yes, it's "only" 2% but that's already more than some companies even put in gold.

That kind of belief will only spread to others. Wonder when in my country now:)

[hazenyc]

Just wanted to say hello to NEXON Co. that just announced purchase $100 Million Worth of Bitcoin at average price of approximately $58,226.
Nexon is listed in Japan so we need to wait to tomorrow to see how it will impact shares price.

Phew, big balls and big buys. Japanese companies don't play around with what they do so this means approval from the very top. Blue chip on Japanese stock exchange and yes, it's "only" 2% but that's already more than some companies even put in gold.

That kind of belief will only spread to others. Wonder when in my country now:)

Japanese companies don't just have big balls, they also have a lot of money available for smart investments. I still think that the Japanese economy and sophistication in all kinds of markets is widely underestimated by many.

[Tytanowy Janusz]

Phew, big balls and big buys. Japanese companies don't play around with what they do so this means approval from the very top. Blue chip on Japanese stock exchange and yes, it's "only" 2% but that's already more than some companies even put in gold.

That kind of belief will only spread to others. Wonder when in my country now:)

Yep. Its first Japan company that I know that put BTC in their balance sheet. It means that they had to have approval from Japanese counterpart of SEC or even Bank of Japan (bank of japan is the biggest stock owner in Japan (Bank of Japan becomes nation’s biggest stock owner) and significantly affects stock market prices giving liquidity and close to free money for all stock market companies).

This might be bigger news that I thought from the begging.

[slaman29]

Yep. Its first Japan company that I know that put BTC in their balance sheet. It means that they had to have approval from Japanese counterpart of SEC or even Bank of Japan (bank of japan is the biggest stock owner in Japan (Bank of Japan becomes nation’s biggest stock owner) and significantly affects stock market prices giving liquidity and close to free money for all stock market companies).

This might be bigger news that I thought from the begging.

Exactly. Japan is super strict on these things and their own bad experience from crypto (Mt Gox) making Bitcoin a legal currency (I believe also the first in the world to do so as a national law) laid the path for this to happen. Whereas if Microstrategy would get heat from traditional players who will tell them they are irresponsible to gamble, in Japan this move will be respected and acknowledged to be innovative. That's Japan for you slow and quiet, but this will be really the big news people ignored:)