NXC trims bitcoin and ethereum, sells its stake in two major crypto exchanges

NXC, the parent company of South Korean gaming giant Nexon, is systematically shrinking its cryptocurrency asset portfolio. According to NXC’s 2025 annual consolidated audit report, the company’s total cryptocurrency assets as of the end of 2025 amounted to 147.6 billion won (about $108 million). NXC has completed the sale of its stake in the overseas exchange Bitstamp and, through a board resolution, fully sold its shares in the Korean exchange Korbit.

Crypto Asset Footprint Shrinks by 15%: Snapshot of Holdings

According to NXC’s latest audit report, the details of its cryptocurrency holdings as of the end of 2025 are as follows:

NXC’s Cryptocurrency Asset Status

Bitcoin held: 2,356 BTC

Ethereum held: 22,420 ETH

Total market value of cryptocurrency assets: 147.6 billion won (about $108 million)

Year-over-year change: down 15.2% from 174.0 billion won at the end of 2024

This divestment reflects NXC’s proactive adjustments to its cryptocurrency assets rather than losses driven by passive market factors. While cutting its holdings, the company is also withdrawing, at the strategy level, from two core crypto ecosystem assets.

Exiting Two Exchanges: A Roadmap for Fully Stepping Away from Bitstamp and Korbit

In terms of investments in crypto exchanges, NXC has adopted a clear comprehensive exit strategy.

Bitstamp (overseas exchange): NXC has completed the sale of its stake in Bitstamp. The subsidiary has been formally removed from NXC’s consolidated financial statements, and the transaction has been effectively completed.

Korbit (Korean crypto exchange): In February 2026, NXC’s board passed a resolution to sell all of its stake in Korbit. The transaction is currently still in progress. This full exit shows that NXC no longer views domestic crypto exchanges as a core business pillar.

Business Transformation: Exiting Crypto Assets, Shifting Toward European Industrial Exposure

NXC’s reduction of cryptocurrency assets is not an isolated event, but part of a broader business diversification strategy. This February, NXC, through its Belgian investment subsidiary NXMH, acquired equity in the European industrial solutions company CLI Group (CLI Group BV) and incorporated it into its consolidated financial statements. The specific acquisition amount and ownership percentage have not yet been publicly disclosed.

This move indicates that NXC’s strategic focus is shifting from the virtual-asset ecosystem toward Europe’s real-world industrial sector, continuing the overall direction established in recent years: divesting crypto-related subsidiaries and simultaneously expanding investments in non-gaming real businesses.

Nexon Group Financial Performance: Revenue Grows, Profits Drop Sharply

According to NXC’s consolidated audit report, Nexon Group’s full-year 2025 revenue reached 5.1751 trillion won, up 3.8% year over year, sustaining growth. However, profitability is under clear pressure:

Operating profit: 960.9 billion won, down 17.4% year over year

Net profit: fell sharply from 2.2467 trillion won in 2024 to 85.9 billion won

The sharp contraction in net profit is mainly due to a base-effect factor. In 2024, net profit included a one-time gain of about 1.4485 trillion won from the sale of subsidiaries. This year, in the absence of similar non-recurring income, net profit naturally fell significantly, which does not mean the underlying business has deteriorated fundamentally.

Frequently Asked Questions

Why did NXC reduce its holdings of Bitcoin and Ethereum?

According to the audit report, NXC’s cryptocurrency asset size declined by about 15.2% from the previous year. At the same time, it is selling its stakes in Bitstamp and Korbit, indicating that the company is proactively shrinking strategy-related crypto currency business activities. It is then increasing investment in the European industrial sector and advancing business diversification.

Which crypto exchange stakes did NXC sell?

NXC has completed the sale of its stake in the overseas exchange Bitstamp, and Bitstamp has been removed from the consolidated financial statements. In addition, NXC’s board decided in February 2026 to sell all of its shares in the Korean exchange Korbit. The transaction is still underway.

How did Nexon Group perform in 2025?

Full-year revenue reached 5.1751 trillion won, up 3.8% year over year. However, affected by a base-effect from one-time gains, net profit fell sharply from 2.2467 trillion won in 2024 to 85.9 billion won, and operating profit also declined 17.4% to 960.9 billion won.