Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

[Ramaraj]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

[DapanasFruit]

Are they also accepting Bitcoin in their business operations? I am hoping they do so they maximize the possible gains with their decision to join the Bitcoin party while the price has not yet returned to the top for another ATH. I am hoping that more and more companies will be getting their supplies of Bitcoin for whatever reason they have in mind. While the dip has already stopped for BTC, we are still in a good position where buying some Bitcoin can be a very profitable decision soon. Let's see if another Japan-based firms will also be enticed to go for Bitcoin.

[Assface16678]

My thoughts on this is that it will probably bump up the prices although it wouldn't be a lot compared to the 1.5 billion of Tesla, I hope that more companies follow what Nexon did, maybe we will see Sony, Nintendo and other game companies buy bitcoin.

[kotajikikox]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

Actually since they are from Japan why does they took so long before Buying Bitcoin when their country supports Bitcoin for years now?

and if the Bitcoin price did not reached more than 50 thousand dollars they will still wait for this chance?


But yeah this is something we must be thankful , And lets take this as positive thing for the growing crypto community .

[Poker Player]

My thoughts on this is that it will probably bump up the prices although it wouldn't be a lot compared to the 1.5 billion of Tesla, I hope that more companies follow what Nexon did, maybe we will see Sony, Nintendo and other game companies buy bitcoin.

The point is that little by little we are going to see more and more companies buying, which, together with the reduced supply, will cause the price to continue to rise. A spike in price will come when one of the big players, such as Apple or Walmart, announces that it has bought.

[Assface16678]

~

The point is that little by little we are going to see more and more companies buying, which, together with the reduced supply, will cause the price to continue to rise. A spike in price will come when one of the big players, such as Apple or Walmart, announces that it has bought.

As long as they buy bitcoin, right? What I can do is to be prepared to buy and accumulate more bitcoin before an eventual exponential rise in prices after all.

[yazher]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

That's a lot of BTC and surely that would affect the market well. the price has returned back to $55,154.08 I wonder if this event will hold the price to that high until it will reach the $60,000 mark again. Because this is not a small amount you know. a huge amount like this will make the market rise if there will be some big company will follow it up as well.

[CaVO32]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

That's a lot of BTC and surely that would affect the market well. the price has returned back to $55,154.08 I wonder if this event will hold the price to that high until it will reach the $60,000 mark again. Because this is not a small amount you know. a huge amount like this will make the market rise if there will be some big company will follow it up as well.

Based from the article, Nexon, "the firm bought BTC at an estimated amount of $58,226 per crypto". Including fees and expenses. So seems that they bought it at a higher price maybe OTC. This is a very good addition to companies that are holding large amounts of bitcoin. It also shows that companies are not losing their confidence over bitcoin. Even if they saw it dipped below 50k, still they bought it at a higher price. I believe there are also other companies buying their own bitcoin holdings but not publicly announcing it.

[kryptqnick]

I've never heard of this game producer before, so if they've made this investment and announcement for marketing purposes, I think it went very well. And since it's only 2% of their financial resources, it's a reasonable risk they're taking here to see whether Bitcoin can go up even further and brings them profits. Buying at $58k probably wasn't the best decision, but I hope they won't be ranting in a few months if the price goes down to $30k that they've lots tens of millions of dollars by investing it Bitcoin, 'cause that would be totally their fault.

[jrrsparkles]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

Maybe this happens after the investment made by Tesla so this is really a good thing for them. But Japan where cryptocurrency is already legalized so there is no wonder why they did but we don't know how many of the rich individuals invested in bitcoins which necessarily may not be in the name of their company.

[acroman08]

good for them. it seems like they are experimenting on the crypto market(they may not say it but it does look that way) and I'm glad they did.

Are they also accepting Bitcoin in their business operations?

checked around google but it seems that they aren't but I'd assume with this move(them buying $100m worth of bitcoin) they'd consider and maybe start accepting BTC too just like tesla with their cars

[lifeforcepools]

That's the right decision. Although they chose the wrong time for this.

[capcaypro]

of course this will be a good thing even though it is still not in line with Testla or the elon billionaire but still this news is very good. they can maximize profits by joining in bitcoin. Besides that for ordinary traders it is also very profitable because more or less it results in an increase in the price itself.
For the future, I hope that more companies will participate and buy bitcoin

[pixie85]

My thoughts on this is that it will probably bump up the prices although it wouldn't be a lot compared to the 1.5 billion of Tesla, I hope that more companies follow what Nexon did, maybe we will see Sony, Nintendo and other game companies buy bitcoin.

It hasn't because they bought for more than BTC is worth now. This means that the amount was so small that it did not change anything for the market. More scared investors sold, especially people who had leveraged positions.

Long term we are still in a bull market and should go towards 100 thousand later this year but we're facing the highest number of sellers since the beginning of 2020.

[masterrex]

Nexon has announced that it has purchased about 1,717 Bitcoin (BTC) for $100 million. In addition, Nexon is a Tokyo-based video game maker that becomes the latest publicly listed technology firm in Japan.
whats ur thought on this..?
Read more on Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin

Wow, that was huge money 100 million dollars? Well, it can mean a lot in the crypto market, truly Bitcoin adoption in the mainstream is happening now although it was slower, but I'm sure it will continue to be adopted. by the way, after Nexon what's next, I believe that it's more to come that's why the market is rising again after the dip in the previous days. hopefully, it will happen.

[meanwords]

That's the right decision. Although they chose the wrong time for this.

But there's no wrong time. You can invest in Bitcoin anytime because of it's long-term capabilities to go higher. Just look at the past years, people keeps saying it's the wrong time to invest but you would regret not buying at that time.

Nexon did a fantastic job investing in Bitcoin.  Though it's only 2% of their reserves, it's still a significant amount.

[hd49728]

I think news from institutional investments finished their roles to help Bitcoin began its parabola. Like SEC news three and two years ago finished its role to bring the Bitcoin market to the bullish period.

Bitcoin will grow more and future big jumps will be supported by other news types, not by institutional investments. We are boring with those news and need new types of news to digest. The market need something new and exciting to get hyped again.

[cabron]

Congrats to them for not buying at ATH price. Lots of talks in crypto about the price being the peak but yep I guess they are not too late still if the possibility of $100K comes true.

Even the not finance institutions are buying BTC already but they are doing it to protect their shareholders because of the economic situation we are experiencing today.

[TastyChillySauce00]

Could've been earlier to make the entry but still good thing nonetheless, if they are technology firm then there's a big chance that they gonna implement somewhat blockchain related thing to their product in the future, maybe if they could somehow further advance NFTs for their games making NFT somewhat more useful than it is right now maybe that's gonna be great but japanese company nowadays deemed as somewhat slow in innovation so maybe it's just to diversify the company portfolio and increase the profit they might gain.

[davis196]

Nexon is a big name is the Japanese gaming industry.I think that they own shares in Konami,Sega,Namco,Bandai and other gaming companies in Japan.This is definitely good news for Bitcoin.
Japan was one of the most Bitcoin-friendly countries during the last few years,but news about BTC adoption in Japan were pretty rare during 2020 and the current year.
I really hope that other Japanese corporations will join the Bitcoin army.