According to Foresight News and Edaily reports, South Korea's two major gaming companies, Nexon and Wemade, have confirmed that they currently have no plans to realize profits from their held Bitcoin. As of last November, Nexon was ranked as the 13th company globally in terms of the amount of Bitcoin held. In 2021, Nexon invested approximately $100 million (113 billion Korean won) and acquired 1,717 Bitcoins. The average purchase price at that time was $58,226 (approximately 65.8 million Korean won). According to the Q3 2024 report, Wemade invested 17.3 billion Korean won through various means, including Wemix securitization, and as of last September, held 223 Bitcoins.
A representative from Nexon stated that Bitcoin is one of the cash assets and that there are no intentions to engage in short-term trading based on market profits. Holding Bitcoin is a long-term investment aimed at ensuring the purchasing power for strategic investments necessary for the company's development.
