K Wave Media sells $500 million of common stock to support Bitcoin financial strategy "

Crypto 7x24

2025-06-05 04:19:50

1.34W

Internet reports that Nasdaq-listed South Korean media company K Wave Media (KWM) announced that it has signed an agreement with Bitcoin Strategic Reserve KWM LLC to raise up to US$500 million through the sale of common shares. The proceeds will be used to advance the company's asset strategy, liquidity and M & A expansion with Bitcoin as the core. KWM said it will follow Japan's Metaplanet Inc. The model became the "Korean version of Metaplanet".

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