Nexus raises KRW 13.3bn via paid-in capital increase and CBs… “DAT strategy to continue”

Korean game developer Nexus has raised a large amount of funding through a paid-in capital increase to purchase cryptocurrencies such as Bitcoin (BTC).

Nexus disclosed on the 11th that it raised a total of KRW 13.3bn through a third-party allotment paid-in capital increase and the issuance of convertible bonds (CBs). The number of new shares to be issued through the paid-in capital increase totals 4,829,059. Jang Hyun-kook, CEO of Nexus, and Webzen will each be allotted 2,136,752 shares, while CS Holdings LLC will be allotted 555,555 shares.

Nexus plans to use the proceeds secured from the paid-in capital increase to acquire virtual assets such as Bitcoin, Tether (USDT), and CROSS. The KRW 2.0bn raised through the convertible bonds will be used as working capital.

CEO Jang underscored his commitment to the Digital Asset Treasury (DAT) strategy. “The DAT strategy and expansion of the company’s asset base through capital strengthening will continue on an ongoing basis,” he said, adding, “On this basis, we will more actively pursue new businesses beyond games and blockchain, including AI-based Agentverse.”