NEXUS raises $10M to bolster Digital Asset Treasury strategy

NEXUS, led by CEO Henry Chang, has raised 13.3 billion won (approx. $10 million) to strengthen its Digital Asset Treasury (DAT) strategy, Cheonji Ilbo reported. The company recently announced the financing through a capital increase via a third-party allotment and the issuance of convertible bonds. Of the total, roughly 11.3 billion won ($8.5 million) from the capital increase will be used to acquire major virtual assets such as Bitcoin (BTC), Tether (USDT), and CROSS ($CROSS). The remaining 2 billion won ($1.5 million) from the convertible bonds will be utilized for operational expenses.