NEXON Co., Ltd.

🇯🇵Japan
3659.T
Holding bitcoin since Apr 28, 2021
@Nexon_AmericaWebsite

BTC Holdings

1717

Total P&L
+105.11%

Total profit/loss on Bitcoin holdings

Average Cost per BTC
$58,226

Average price paid for each Bitcoin

Share Price
$2,772

Current trading price per share

Market Cap
$14,999M

Total market capitalization

Enterprise Value
$12,289.8M

Market cap plus debt minus cash

NAV Multiple
73.072

Net Asset Value multiplier

BTC / Market Cap
1.37%

Bitcoin holdings as % of market cap

About NEXON Co., Ltd.
NEXON Co., Ltd. (TSE: 3659.T) stands as a global leader in the online gaming industry, headquartered in Japan. Renowned for its pioneering work in virtual worlds and multiplayer online games, NEXON has built a robust portfolio of popular titles enjoyed by millions worldwide. The company’s innovative approach to entertainment has positioned it at the forefront of digital experiences, blending creativity with advanced technology to engage a diverse and loyal user base.
In 2021, NEXON made headlines by becoming the first publicly listed Japanese company to invest a significant portion of its treasury into Bitcoin. This strategic move was driven by a belief in Bitcoin’s long-term stability and liquidity, viewing it as a modern store of value alongside traditional currencies such as the US dollar, Japanese yen, and Korean won. NEXON’s management emphasized that, while they recognize the risks associated with digital assets, their commitment to Bitcoin reflects a forward-thinking approach to corporate treasury management and a hedge against currency debasement.
By integrating Bitcoin into its balance sheet, NEXON not only diversified its financial holdings but also signaled confidence in the growing role of digital assets in the global economy. This bold step has set a precedent among Asian technology firms and reinforced NEXON’s reputation as an innovator—not just in gaming, but in corporate finance as well.
Since its initial purchase, NEXON has maintained its Bitcoin holdings as a strategic asset, underscoring its commitment to innovation not only in gaming but also in financial management. The company’s foray into Bitcoin continues to be closely watched by both the gaming and investment communities, reflecting the evolving landscape of corporate treasury practices in the digital age.

Recent Developments

  • Apr 28, 2021: Bitcoin holdings increased by 1717.00 BTC to 1717 BTC with cost basis of $100M (BTC @ $55K), stock price $3610.00
NEXON Co., Ltd. — Bitcoin Holdings Over Time
April 28, 2021 - Present
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NEXON Co., Ltd. — Stock vs BTC Dynamics
April 28, 2021 - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Apr 28, 2021
1,717
1,717
$100M$54,992$3,610