South Korea's two major gaming companies, Nexon and Wemade, stated that they currently have no plans to profit from their Bitcoin holdings

2024-11-21 17:43:34

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ChainCatcher news, according to Edaily, South Korea's two major gaming companies Nexon and Wemade have confirmed that they currently have no plans to profit from their holdings of Bitcoin.

Nexon holds only 1,717 Bitcoins, with an average purchase price of $58,226 per coin. The company emphasizes that Bitcoin is regarded as an asset equivalent to cash and has no intention of engaging in short-term trading based on market fluctuations.

Wemade holds 223 Bitcoins but has not disclosed its average purchase price. A representative from the company clarified that the purchase of Bitcoin is purely for investment purposes, and there are currently no plans to liquidate it. Both companies stated that they intend to hold Bitcoin as a long-term investment.

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