The purchase represent less than 2% of Nexon's total cash and cash equivalents on hand, the firm says.
Historically, the periods the MVRV ratio has dropped below 1.0 have been some of the best times to invest in BTC, according to Coin Metrics.
According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term "and see further upside potential in bitcoin."
Cashaa is teaming with a credit cooperative society to provide cryptocurrency financial services at 22 branches in the north of India.
Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines, including all 7-Eleven stores.
Kiosk network Coinstar has expanded its bitcoin-buying service, adding around 100 new outlets and growing U.S. coverage to 21 states.
Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from 1,300-plus newsagents.
Mobile payments firm Square says it made $37 million in total from bitcoin purchases in Q2, with profits being twice that of the previous quarter.
Coinbase has confirmed that users from four banks in the U.S. are now barred from buying cryptocurrencies using credit cards.
The Lloyds ban applies to the group's 89 million credit card holders, including across subsidiaries such as Halifax, MBNA and Bank of Scotland.
The CFO of mobile payments firm Square has explained why the company launched a bitcoin pilot scheme.