Nexon first public Japanese company to buy Bitcoin; Elon Musk pumps Dogecoin

Nexon sports a $30B market cap, and is the largest gaming platform in Korea and 2nd-largest in Japan. Its CEO Owen Mahoney this morning announced the purchase of 1,717 bitcoins (BTC-USD) for an average price of $58,226 each (¥11.1B, or $100M worth). That's 2% of the company's $1B in cash and cash equivalents.Mahoney: "We are not making a prediction on the future of interest rates. We are, however, fiduciaries of our shareholder’s capital, and as such we need to think seriously about the future buying power of our cash in a world of potential currency debasement. So we watch our currencies very closely."In other crypto news, Dogecoin (DOGE-USD) is surging today after Elon Musk via tweet suggested the meme crypto would be part of his upcoming Saturday Night Live appearance (May 8). It's currently higher by 13% to $0.314.Bitcoin is flat at $54.8K. Ether (ETH-USD) hit a new record high above $2,700