$BTC Treasury K Wave Media Secures $500M for #Korean $BTC Strategy


#SouthKorean entertainment company K Wave Media signed a securities agreement worth up to $500 million to fund a $BTC-centric treasury strategy.


The firm aims to become the "Metaplanet of Korea" following the Japanese company's successful $BTC adoption model.


Proceeds will support $BTC purchases, Lightning Network node operations, and infrastructure investments for on-chain transaction rewards.


Company stock surged 162% on Nasdaq to $5.04 following the announcement.


K Wave plans to use the remaining funds for mergers and acquisitions to expand its content and K-POP business operations.


Co-interim CEO Ted Kim emphasized their commitment to decentralization, agility, and future-facing value creation through $BTC integration.


K Wave joins a growing list of public companies embracing $BTC as a corporate reserve asset strategy.

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June 04, 2025 at 6:14 PM
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