The fact that investing in Bitcoin protects against inflation-related depreciation is one of the cornerstones of the BTC narrative. The Japanese-South Korean company Nexos has given him new credibility.
The mayor Video game publisher Nexon has stocked up Bitcoin. The Japan-based company purchased 1,717 BTC and spent approximately $ 100 million on it, which is less than two percent of its cash on hand.
Nexon made the investment Publicity on April 28th. The company paid an average of around $ 58,000 per bitcoin. According to CEO Owen Mahoney, this is the way to protect your own cash wealth from inflationary losses:
Our purchase of Bitcoin reflects a disciplined strategy to protect shareholder value and maintain the purchasing power of our cash holdings. In the current economic environment, we believe that Bitcoin guarantees long-term stability and liquidity while maintaining the value of our cash for future investments.
Nexos specializes in the development and distribution of online games. The company has been listed on the Tokyo Stock Exchange since 2011. Since 2020 it has also been part of the Japanese benchmark index Nikkei 225. The company’s more than 50 multiplayer games currently active include Maplestory and KartRider.
Meanwhile, Nexos is not the only company using Bitcoin as a store of value. In addition to prominent examples such as the IT giant MicroStrategy, Time magazine recently discovered the benefits of BTC. With the help of Grayscale, the renowned journal now wants to build up Bitcoin reserves, and customers can also buy media content with the most important cryptocurrency.
The Tesla case also caused a stir. After Elon Musk’s auto company bought Bitcoin with advertising, Tesla recently sold 10 percent of its own reserves. The automobile manufacturer improved its balance sheet result, according to Musk, he also wanted to prove the suitability of BTC as liquidity Guarantor.
P.S. You can support me for Free Via ALL of these links and earn Crypto / Money yourself! https://allmylinks.com/zealdorn
Disclaimer: These lines are not a substitute for investment advice. Investing in the crypto market is at your own risk. Invest only as much as you are ready to lose. I receive commissions for purchases made through links in this post.