South Korean entertainment company K Wave Media, which is publicly traded on Nasdaq, has raised $1 billion to fund its Bitcoin treasury strategy. The company has already made initial purchases totaling $15 million in Bitcoin and aims to expand its holdings to approximately 10,000 Bitcoins. In a related development, Marathon Digital Holdings (MARA), the largest Bitcoin mining company in the United States with an existing holding of 50,000 Bitcoins, announced plans to raise $850 million to acquire additional Bitcoin and support other corporate purposes.