Nexon Parent NXC Shows 'Paper Hands' Energy, Offloads $108M Crypto Bag and Ditches Bitstamp Stake

NXC, the parent company of gaming giant Nexon, is giving its crypto portfolio a much-needed Marie Kondo treatment. According to its consolidated audit report, the company will hold 147.6 billion Korean won (~$108 million) in crypto assets by the end of 2025—a 15.2% drop from last year. Translation: they're holding 2,356 Bitcoin and 22,400 Ethereum, but apparently decided that wasn't spicy enough for the balance sheet.

But wait, there's more. NXC also dumped its stake in international crypto exchange Bitstamp, scrubbing it from its financial statements entirely. The company further announced plans to divest all shares in Korbit, a South Korea-based exchange, following a board decision made back in February. Consider this the corporate equivalent of unfollowing your crypto ex on every platform.

Meanwhile, NXC hasn't gone full hibernation. Through its Belgium-based investment arm NXMH, the company picked up a stake in CLI Group, an industrial solutions company operating in Europe. Because nothing says "we're serious about diversification" like buying industrial stuff while selling your crypto.

Experts suggest these moves could be part of a longer-term strategic repositioning as crypto market volatility continues to rattle corporate balance sheets. You know, the usual dance of trying to look responsible while everyone watches to see if you buy the dip or panic sell into it.

*This is not investment advice.