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

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ChainCatcher
7 hours ago
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According to a report by Edaily, the two major Korean game companies Nexon and Wemade have confirmed that they currently have no plans to profit from the Bitcoin they hold.

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

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

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