Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Switchere_official on April 29, 2021, 01:44:52 PM
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Japanese game developer, public company Nexon bought 1,717 bitcoins for about $100 million at an average exchange rate of about $58,200. President and CEO Owen Mahoney explained that the investment represented less than 2% of Nexon's total funds.
"In the current economic climate, bitcoin offers long-term stability and liquidity while preserving the value of our funds for future investments," Mahoney said. Bitcoin is likely to retain its value, he said, even if it is not yet widespread.
Nexon was founded in 1994. It develops online games. Nexon went public on the Tokyo Stock Exchange in December 2011. The company currently operates more than 50 online games in more than 190 countries.
Earlier, the Hong Kong technology company Meitu, which produces smartphones and develops software, brought its investments in cryptocurrency to $100 million.
At the same time, Elon Musk's Tesla announced that it sold $272 million worth of bitcoins at the end of March, with a profit of $101 million. The automaker's CFO, Zach Kirkhorn, stressed that the company believes in the long-term value of bitcoin and intends to maintain current assets in cryptocurrency and continue to accumulate coins received as payment for cars.
The largest bitcoin holder among public companies is MicroStrategy. According to Bitcoin Treasuries, it owns 91,500 BTC worth about $5 billion.
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I noticed that more and more large companies are interested in cryptocurrency, in particular bitcoin, thanks to this, we see what a good growth dynamics the first cryptocurrency has recently had , apparently soon we will see even more companies that buy up cryptocurrency in their investment portfolio.
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We can hear news like that every now and then which is showing growing interest from all scope of investors from around the world in an asset that is super secure and easy to handle with lot of privacy and almost no intermediaries Keep it up BTC
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The fact that such large companies are buying Bitcoin speaks of its high potential and growth prospects. The more large companies join this trend this year, the more likely it is to see Bitcoin price above $100,000 this year.
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I could see that happening. Even an eventual rally past 100k is possible, though I doubt it will happen this year.
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Private companies and individuals are now swarming the Bitcoin investment for future purposes because they believe that Bitcoin will be the best future proof investment. Centralized investments are affected by inflation and crisis so they are smart enough to choose Bitcoin as one back up.
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Can you give the link of source of this news?
If this is true, it means good news for Bitcoin. Many more big companies come support and buy Bitcoin, better for the development and progress of the Bitcoin value and price itself in the market. This can also lead many more companies to do the same, investing in Bitcoin
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I noticed that more and more large companies are interested in cryptocurrency
Indeed. More big companies in the world join the crypto investment. I assume it is one of the impacts of big companies like Tesla join crypto by buying Bitcoin. It is surely good news for the crypto world that there more big support from companies around the world. I believe that will be more companies to buy Bitcoin or other crypto coins in the future. Then, with many big companies supporting crypto and Bitcoin, this industry will survive stronger. 8)
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With the passage of time, the demand for Bitcoin is increasing day by day. Already, world famous companies have approved Bitcoin.And various gaming sites are currently attracted to Bitcoin. I think the bitcoin market will change as time goes on. 2021 may be a blessing for Bitcoin. This is because the price of Bitcoin has started rising since 2021. Hopefully in the future Bitcoin will be one of the best currencies in the world.
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One of the best or the most popular, because those are two different things sometimes.
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Please mention the source of this news as well so that we will be double sure that the news is from a reliable source. I just found the medium article here one can check: https://medium.com/nexon/nexons-purchase-of-bitcoin-81e3079a3f58
Now Bitcoin is attracting big players I believe many more big investors will also be attracted towards bitcoin in the coming time. I hope bitcoin will keep its bullish momentum and this news certainly pushes the price to some extent.
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Wow really? seems more and more big companies interested to invest in bitcoins, I wonder what is the next big company will invest. I'm pretty sure that bitcoin will hit $100k in this year.
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Another great news for the cryptocurrency ecosystem and one more example of how more companies invest in Bitcoin every day. I hope we continue to receive good news like this. Anyway, I am sure that there are companies that have invested in cryptocurrencies but have not wanted to say so in public.
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Another great news for the cryptocurrency ecosystem and one more example of how more companies invest in Bitcoin every day. I hope we continue to receive good news like this. Anyway, I am sure that there are companies that have invested in cryptocurrencies but have not wanted to say so in public.
The big companies always have to show their investments. For most of them it is based on the quarter.
If they haven't reported it by now, they haven't invested it either
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Japanese game developer, public company Nexon bought 1,717 bitcoins for about $100 million at an average exchange rate of about $58,200. President and CEO Owen Mahoney explained that the investment represented less than 2% of Nexon's total funds.
Indeed, it's a great news for whole crypto community and more institutional investment will be done in the upcoming months or years for sure. Not only this, just wondering if nexon bought more than 2% of total funds which might encourage other company to entry into this. Maybe, many companies already did this without public announcement. But it's really great for bitcoin to continue the bullish rally. ;D
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The big companies always have to show their investments. For most of them it is based on the quarter.
If they haven't reported it by now, they haven't invested it either
But that will depend on each country, right?. Because at least in my country it took us more than a year to discover that BBVA and Santander (two banks) had invested in Bitcoin and XRP, and we also found out thanks to documents from their subsidiaries in other countries. Although these two banks have never completely surprised me, they have always done what they wanted...
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The fact that such large companies are buying Bitcoin speaks of its high potential and growth prospects. The more large companies join this trend this year, the more likely it is to see Bitcoin price above $100,000 this year.
True and not only that, I would like to see other smaller companies and stores get into Bitcoin Investments too creating even a more wide adoption and reach for Bitcoin and maybe other cryptocurrencies too. For the Bigger companies, it is becoming inevitable since they understand profits making ;D and they know what investing in Bitcoin will bring to their portfolio.
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NEXON means that you already understand very well what Bitcoin is used for and NEXOn is also sure to know the news of famous people buying Bitcoin such as Mark Cuban and Elon Musk.
NEXON is a game developer from Japan and it is certain that the game name understands exactly how Bitcoin works because since 2012 Bitcoin has become a tool for games like Beting,Cards dan Dice .
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I am sure Nexon had plenty of very competent financial advisers who told them to invest like that, I have little doubt they understood perfectly well.
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The adoption of Bitcoin is getting better and better to continue to be developed, I am very impressed with all the communities that continue to support Bitcoin.
NEXON is a gaming company but NEXON also buys Bitcoin, so it is certain that NEXON really understands how Bitcoin works and this is a strong investment capital from NEXON in the future to melt the profits from Bitcoin.
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Yes, we observed that an increasing number of big corporations are interested in cryptocurrency, particularly bitcoin, ethereum way to this, we see what an excellent boom dynamics the primary cryptocurrency has lately had , reputedly quickly we are able to see even extra groups that purchase up cryptocurrency of their funding portfolio.
The truth that such big groups are shopping for Bitcoin speaks of its excessive capacity and increase prospects. The greater huge businesses be a part of this fashion this year, the much more likely it's far to peer Bitcoin fee above $100,000 this year.
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I hope it is not a goal to profit from crypto alone, but I hope NEXON companies in the future can adopt crypto on their platform and this will be the first step for them to enter the crypto world.
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Big compnay use minimum asset for invrstment, alreafy have plan snd income for dsily need, we can follow their way. Unfortenadly we never doing thst, mostly all out and have non sense target. Fix our habit and never give up.
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With the price of Bitcoin falling so low, many investors are looking to get Bitcoin back to normal.Coming to such a state every year we notice the dumping of the value of bitcoins. However, there are many investors in cryptocurrency who want the value of bitcoin to rise again. It is hoped that the price of Bitcoin will change again with the help of various developers.
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If there are many more companies that buy Bitcoin, it means that it is good news for BTC itself. I also believe that there are many more companies and institutions that buy BTC. However, if they are only thinking about short-term investment, we must be ready for the BTC crashes, they will make the price of BTC down enough if selling the coins.