
K Wave Media, a Nasdaq-listed South Korean entertainment and media company, has announced an equity financing agreement to raise up to $500 million through a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company intends to use a significant portion of the proceeds to adopt Bitcoin as a core treasury asset, aiming to emulate the Bitcoin-focused strategies of firms like MetaPlanet in Japan and MicroStrategy in the United States. Following the announcement, K Wave Media's stock surged, with reports of the share price rising between 130% and 160%, and a 143% increase confirmed on Wednesday. The company's shares were recently trading at $4.67, though the stock remains down 61% year-to-date. The company stated that the funds will be allocated not only to purchasing Bitcoin, but also to long-term holding, yield-optimizing strategies, operating Bitcoin Lightning Network nodes, and investing in Bitcoin-native infrastructure. According to K Wave Media Co-Interim CEO Ted Kim, embedding Bitcoin into the company's core strategy is intended to reinforce its commitment to decentralization and agility. Some of the $500 million will also be reserved for working capital and merger-and-acquisition activities, as well as expanding its content and K-pop related businesses. The firm is exploring blockchain integrations with its content and K-pop merchandising. The move comes amid a broader trend of public companies increasing their Bitcoin holdings, with 223 entities now maintaining Bitcoin treasuries. Bitcoin recently reached an all-time-high price of over $112,000.
BULLISH 🚨 PUBLICLY TRADED K WAVE MEDIA JUMPS 130% AFTER ANNOUNCING PLANS TO BECOME "KOREA'S MICROSTRATEGY" 🚀 https://t.co/BQm9PDEh5d
JUST IN: PUBLICLY TRADED K WAVE MEDIA SOARS 130% AFTER ANNOUNCING PLAN TO BECOME "KOREA'S MICROSTRATEGY" THE #BITCOIN EFFECT. HIGHER 🚀 https://t.co/s2y2GBEvXT
JUST IN: K WAVE MEDIA SECURES $500M FOR BITCOIN TREASURY STRATEGY Source: @MartyPartyMusic https://t.co/EfOz1Pbru7






