NCSoft’s successful investment in SUI coins
In a surprising turn of events, NCSoft, one of South Korea’s leading game companies, managed to make a whopping 25.2 billion won in just six months through their investment in SUI coins. This successful venture has raised eyebrows and sparked interest in the financial prowess of the gaming giant.
Breaking down the numbers
According to NCSoft’s semi-annual report, the company purchased 49,920,806 SUI coins at a rate of 6 won each, totaling approximately 300 million won. Subsequently, they sold 16,460,768 unlocked coins last year and 447,345 unrestricted coins in the first half of this year, resulting in a staggering 25.2 billion won in total sales.
Despite facing challenges in their main gaming business, NCSoft’s foray into cryptocurrency investments has proven to be remarkably lucrative, showcasing their ability to navigate diverse financial opportunities.
Future prospects and strategic investments
With two-thirds of the purchased coins still in their possession, NCSoft is poised for future growth in the cryptocurrency market. Additionally, the company’s strategic investment of $15 million in SUI Coin issuer Misteen Labs indicates a commitment to exploring new avenues for innovation, particularly in the realm of web3 games.
Overall, NCSoft’s success story in the world of cryptocurrency investing serves as a testament to their financial acumen and willingness to adapt to evolving market trends.
