NEXON (3659) | BTCTreasuryInfo.com

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierPending qualification

Directory statusNeeds Review

Ownership statusHistorical-only: 1,717 company-owned BTC was disclosed on April 28, 2021. No newer verified quantity has been established, and current financial materials do not certify a current BTC balance or encumbrance allocation. Preserve the 2021 balance and source without implying fresh BTC verification. Not included in totals; current qualification remains pending, not Watchlist.

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

Last verified attributable BTC1,717 BTC

Balance dateApril 28, 2021

Estimated valueUnavailable

Average purchase priceUSD 58,226

Not included in totals

Historical balance only — current eligible balance not established

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “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 owned BTCNot 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. September 29, 2026 methodology and financial refresh: Historical-only: 1,717 company-owned BTC was disclosed on April 28, 2021. No newer verified quantity has been established, and current financial materials do not certify a current BTC balance or encumbrance allocation. Preserve the 2021 balance and source without implying fresh BTC verification. Not included in totals; current qualification remains pending, not Watchlist. Financial changes remain withheld: the proposed August 13, 2026 six-month interim financials require validation of the original primary-source URL. Retain all existing FY2025 figures, reporting period and source_url unchanged; the existing source_url is the historical BTC announcement, not newly validated financial evidence. The conditional proposal's net-income basis is profit attributable to owners of parent, not consolidated profit, and six-month figures must not silently replace or be compared directly with full-year values. Management remains unchanged without a new verification date. Conditional newer financial values and financial-source replacement remain withheld pending original-source validation; FY2025 fields unchanged. Eligible historical/current evidence source: https://www.businesswire.com/news/home/20210427006215/en/Nexon-Purchases-%24100-Million-Worth-of-Bitcoin (source date: April 28, 2021). Supplemental approved references: https://www.nexon.co.jp/en/ir/quarterly-disclosure/. Historical notes above are preserved as dated history; earlier eligibility descriptions do not override this review. The existing last_verified date is unchanged and is not a blanket verification of unresolved fields.