Nexth raises 13.3 billion won to strengthen its "digital asset treasury" (DAT) strategy.
Nexth on Tuesday disclosed a third-party allotment share sale and the issuance of convertible bonds. The total amount is 13.3 billion won, combining about 11.3 billion won from the share sale and about 2.0 billion won from the convertible bonds.
Nexth said the fundraising will strengthen its digital asset treasury (DAT) strategy, capturing bitcoin's long-term upside potential while also holding fixed-value assets such as stablecoins to respond flexibly to market volatility.
All 11.3 billion won secured through the share sale will be used to acquire major crypto assets including bitcoin (BTC), tether (USDT) and CROSS ($CROSS). All 2.0 billion won raised through the convertible bonds will be used as operating funds.
Jang Hyun-kuk (장현국), Nexth's CEO, said, "The digital asset treasury strategy through capital strengthening and the expansion of the company's asset 규모 will continue." He added, "Based on this, we will push more actively for new businesses such as an AI-based agentverse, beyond our games and blockchain businesses."
Ho-jung Lee
lhj@d-today.co.kr