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13 May 2021

Japanese Game Publisher Nexon Makes a $100 Million Bitcoin Bet - Decrypt

Japanese Game Publisher Nexon Makes a $100 Million Bitcoin Bet - Decrypt


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Japanese games maker Nexon has announced the purchase of about $100 million (¥11.1 billion) worth of Bitcoin, acquiring a total of 1,717 BTC at an average cost of $58,226 per Bitcoin.

Tesla—which earlier this year purchased $1.5 billion in Bitcoin—recently revealed that it sold 10% of its crypto holdings for $272 million, “to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet." The EV manufacturer has also announced that it's accepting payment for its products in Bitcoin, and will hold any crypto it receives rather than converting it to fiat at the point of sale.

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Why Fiat Experts Don’t Get Bitcoin
published: 2 hours ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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