Apr 28, 2021 04:41 GMTCrypto News South Korean-Japanese video game company Nexon has allocated some of its cash holdings to the leading cryptocurrency. The firm purchased $100 million in Bitcoin for an average price of $58,226 per BTC. The gaming company’s allocation to the pioneer digital currency is less than 2% of its total cash. Online game provider Nexon Co. acquired $100 million in Bitcoin. This became the largest-ever purchase of digital currency made by a listed company in Tokyo. Bitcoin likely to retain its value despite associated risks A growing number of firms worldwide, including MicroStrategy, Tesla, and Square, have purchased Bitcoin in the past few months. More firms are starting to adopt the cryptocurrency as a form of payment and store of value.