| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107351.3700000000 |
| ETH | $2435.7930000000 |
| BNB | $649.5099600000 |
| XRP | $2.1867250000 |
| ADA | $0.5621124000 |
| SOL | $150.1437000000 |
| DOGE | $N/A |
| DOT | $3.4037100000 |
| LTC | $86.4974000000 |
| LINK | $13.3616800000 |
Category: CRYPTO NEWS
The post $500M in Capital to Buy Bitcoin: Publicly-Listed K Wave (KWM) Hops on the BTC Treasury Trend appeared on BitcoinEthereumNews.com. K Wave Media (KWM), a publicly listed media and entertainment firm, has announced a bold pivot toward Bitcoin with a $500 million equity agreement designed to finance its new Bitcoin-centric treasury strategy. A strategic leap into Bitcoin In a joint press release, K Wave Media revealed it has entered a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company plans to sell up to $500 million of ordinary shares, with a “significant portion” of the proceeds earmarked for purchasing and long-term holding of Bitcoin. The firm will also explore BTC yield optimization, operation of Bitcoin Lightning Network nodes, and investments in Bitcoin-native infrastructure. BREAKING: NASDAQ TRADED ENTERTAINMENT COMPANY K WAVE MEDIA JUST RAISED $500 MILLION TO BUY #BITCOIN CORPORATE ADOPTION GOING ABSOLUTELY PARABOLIC. WILD 🔥 pic.twitter.com/Pr8PChn36q — The Bitcoin Historian (@pete_rizzo_) June 4, 2025 K Wave’s strategy mirrors the approach of Japan’s Metaplanet Inc., which has seen notable stock performance after shifting to a Bitcoin reserve model. By adopting a similar path, K Wave aims to strengthen its balance sheet and align with the expanding global Bitcoin economy and Web3 landscape. Bitcoin meets K-pop Founded in 2023, K Wave Media is a Cayman Islands-based media holding company centered around the booming K-pop industry. With its new treasury plan, the firm intends to merge digital asset strategies with its content and merchandising arms. This integration will allow consumers to purchase K Wave content and K-pop merchandise using Bitcoin within a Web3-enabled environment. The company also plans to enable investments in Korean film and K-pop projects through approved digital currencies, including BTC. Ted Kim, Co-Interim CEO of K Wave Media, explained the rationale behind the shift: “Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy,…
2025-06-07T08:44:33+00:00
https://bitcoinethereumnews.com/bitcoin/500m-in-capital-to-buy-bitcoin-publicly-listed-k-wave-kwm-hops-on-the-btc-treasury-trend/?utm_source=rss&utm_medium=rss&utm_campaign=500m-in-capital-to-buy-bitcoin-publicly-listed-k-wave-kwm-hops-on-the-btc-treasury-trend