K-Pop media company K Wave announced its Bitcoin acquisition strategy, and its share price surged 132%"
According to online reports, K Wave Media (code KWM), a Nasdaq-listed K-Pop media company, announced yesterday that it would sell up to US$500 million in shares to purchase Bitcoin, for mergers and acquisitions and other operational purposes. KWM shares rose 132.39% on the day. The company said it will hold and optimize BTC revenue for the long term, and its strategic inspiration comes in part from Japan's Metaplan and MicroStrategy. K Wave is one of the first media listed companies to incorporate Bitcoin into its core financial strategy.
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