South Korea's two largest gaming companies Nexon and Wemade say they have no plans to profit from their Bitcoin holdings

PANews reported on November 21 that according to Edaily, the two major Korean game companies Nexon and Wemade have confirmed that they currently have no plans to profit from the bitcoins they hold. Nexon only has 1,717 bitcoins, with an average purchase price of $58,226 per bitcoin, and the company emphasized that bitcoins are viewed as assets equivalent to cash and have no intention of short-term trading based on market fluctuations. Wemade holds 223 bitcoins, but did not disclose the average purchase price. A representative of the company clarified that the purchase of bitcoins was purely for investment purposes and there are currently no plans to cash them in. Both companies stated that they intend to hold bitcoins as long-term investments.