Good news and it is expected that many more companies will follow the example. A more than 20% dip is sufficient to lock-in a relatively good price.

Mahoney's quote is pretty self-explanatory: “In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

We are in a trembling economic situation, but a recovery phase is ahead of us if the virus does not produce other suprises. It's logical to not hold cash or assets exposed to inflation when the governments print and control the fiat money supply.

Elon and Tesla shows that it was the right decision, they've set precedence already.

And now more companies are seeing this, they need to fight inflation and one way to do it is through is putting their reserve assets into bitcoin. So it's really a beneficial for companies, and it can be set that it is a 'must'. So this is a good decision on their part, win-win situation for long term.

I remember that there were some threads who were asking who's going to be the big companies that will adopt bitcoin and will announce their purchase and here's one of them.

The clue what the strategy is, the newbies should also take note of that. If the big investors are going to long term position in bitcoin then they should also be going into that position.

It's super amazing to see another major company adopting bitcoin and even buying it to add to their portfolio. This is an interesting piece of news especially for the crypto community.
Quite a lot people believe bitcoin is a giant bubble that's going to crash and end one day. However, this is a very concrete evidence that that is not true because even major companies are adopting it. It's quite funny that it is those who don't have much to lose that are rejecting the idea of bitcoin.
Nevertheless,  I do believe that many companies will follow in the footsteps of Nexon and start adding bitcoin to their portfolios.

Should I say this is the era of institutional whales, the instructions that are making use of bitcoin now have increased, this is encouraging many fomo people and people generally to invest in bitcoin, this will also be a very good reason the price of bitcoin increased recently. Bitcoin has been a great asset of last decade, and yet remaining promising to be one of the most successful asset of this decade. I will not see it surprising again if more institutions are buying bitcoin.

Yes, I too see it as the right decision because bitcoin is not too late to invest in bitcoin, and it will never be too late as its deflationary.

What about Grayscale, Microstrategy and many others, they are all companies that deals with bitcoin. There are many companies that have also invested, there will be many companies that may not yet disclose their bitcoin dealings, bitcoin have gone beyond thinking only two companies have invested in it, even the big companies are obviously more than 2 not to talk of small companies.

Nice information, I think these will contribute for more elevation of cryptoccurrency across the the nation's because looking at this from my perspective it will speed up the demands of crypto in cryptocurrency marketcap and companies will emulate their fool steps to adventure into crypto for investment.

Good choice by them.

I used to play their game Vindictus back in the day but it turned out to have way too many micro transactions for my taste.

I feel like more companies will do it just for the publicity. Makes me wonder how many are doing it to support bitcoin vs make a quick trade and invest profits in some new idea.

This is cool news that undoubtedly supports the market from falling and favorably influences its further growth. The only thing that makes me think a little is that if a significant part of the bitcoin market is in the hands of several large players, wouldn't it be tempting to come to an agreement? Possessing such reserves of bitcoins and at some point they can consistently influence its rate both upward and vice versa. It's always dangerous in my opinion.

I heard MicroStrategy bought Bitcoin at intervals the last. And after that I didn't see any news about different companies continuing to buy Bitcoin, until now. Nexon is the second biggest company in its country after Nintendo. And this is a really great deal of investment that's for sure. It's not even close to Tesla's though.