Nexon liquidates its virtual asset affiliates

Nexon Group is accelerating a business restructuring by liquidating its virtual asset affiliates and acquiring a European industrial solutions company, Digital Today reported. The company has sold its stake in overseas crypto exchange Bitstamp, which is no longer a subsidiary. Additionally, Nexon's board resolved in February of this year to dispose of its entire shareholding in South Korean crypto exchange Korbit. As of the end of last year, Nexon's holding company, NXC, held 147.6 billion won (approx. $107.3 million) in crypto, including 2,356 BTC and 22,420 ETH. This represents a 15.2% decrease from the 174 billion won (approx. $126.5 million) held the previous year.