Tokyo Stock Exchange Prime Market · Japan

NEXON

NEXON Co., Ltd.

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-owned Bitcoin purchased by NEXON Co., Ltd. in April 2021. The original company announcement disclosed 1,717 BTC acquired for approximately $100 million. The company's latest shareholder materials continue to include accounting treatment for investments in crypto-assets, but they do not provide a refreshed coin-count or pledged-versus-unencumbered reconciliation.

Strategic intent

NEXON purchased Bitcoin as a long-term treasury allocation intended to protect shareholder value and preserve the purchasing power of cash. The company is an operating gaming business rather than a dedicated Bitcoin treasury company, but the Bitcoin purchase was explicitly framed as a balance-sheet and treasury decision.

Bitcoin Treasury

BTC counted in directory1,717 BTC

Estimated value$109,374,617BTC price retrieved: July 28, 2026 at 19:53 UTC

Holdings as ofApril 28, 2021

Average purchase price$58,226

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported1,717

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateralNot separately disclosed

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted / receivableNot separately disclosed

Latest Financial Results

Reporting period: Year ended December 31, 2025

Revenue¥475,102,000,000

Operating income/loss¥124,012,000,000

Net income/loss¥92,052,000,000

Cash$498,868,000,000

Management

Chief executive officer: Junghun Lee
Chief financial officer: Shiro Uemura
Executive chair: None

Research Notes

NEXON announced the purchase of 1,717 BTC in April 2021 for approximately $100 million, at an average price of approximately $58,226 per BTC including fees and expenses. Management said the purchase represented less than 2% of cash and cash equivalents and was intended to protect shareholder value and maintain the purchasing power of cash. NEXON is classified as an Operating Company with BTC Treasury because its primary business is online and mobile games, not Bitcoin accumulation or Bitcoin-native financial services. The company's 2026 shareholder materials, covering fiscal year 2025, continue to include accounting policy for investments in crypto-assets and reported no major lenders as of December 31, 2025. However, those materials do not restate the exact BTC quantity or provide a current encumbrance split, so pledged and unencumbered fields remain unspecified rather than assumed. Fiscal 2025 revenue was ¥475.102 billion, operating profit was ¥124.012 billion, profit attributable to owners of parent was ¥92.052 billion, total assets were ¥1.410188 trillion, and cash and cash equivalents were ¥498.868 billion.