Nexon bought bitcoin for $ 100 million at a price of $ 58,226

Asian video game publisher Nexon has invested $ 100 million in bitcoin, the firm said Wednesday.

In generalcomplexity Nexon acquired 1,717 bitcoins withaverage price of $ 58,226 per coin, including fees and overheads. The company noted that the investment is less than 2% of its reserves in traditional currency and equivalents as of December 2020.

“The acquisition of bitcoin reflects an orderlya strategy to protect shareholder assets and maintain the purchasing power of our traditional currency reserves. We believe that in the current economic environment, Bitcoin is able to provide long-term stability and liquidity, while maintaining the value of our reserves for future investments. ", — said Nexon President and CEO Owen Mahoney.

Nexon was founded in 1994.Its securities have been listed on the Tokyo Stock Exchange since 2011 and have also been listed on the JPX400, Nikkei Stock Index 300 and Nikkei 225. With the acquisition of Bitcoin, Nexon joins publicly traded crypto investors such as MicroStrategy and Tesla. The latter has already started taking profits from its position in bitcoin.

Earlier, information appeared on the network that Nexon was preparing to acquire the South Korean cryptocurrency exchange Bithumb, but its offer could be intercepted by Morgan Stanley.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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