K Wave Media to sell $500 million in common stock to support strategic Bitcoin reserves

Odaily News K Wave Media Inc. (NASDAQ: KWM), the first Korean media alliance on Nasdaq, announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, through which the company will issue $500 million in common stock. The proceeds from this financing will be used to support the company's digital asset reserve strategy centered on Bitcoin, working capital and mergers and acquisitions, and to further expand its content production and K-POP-related businesses. Under this strategic framework, K Wave will use most of the proceeds from the financing for long-term holding and yield optimization of Bitcoin (BTC) under certain restrictions - making it one of the first listed media companies in the world to directly incorporate BTC into core fund management. In addition, the company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin native infrastructure to enhance decentralized properties and obtain on-chain transaction rewards. Officials said that K Wave aims to become the "Korean version of Metaplanet" - referring to the case of Japan's Metaplanet, the company became the world's best performing stock after adopting a Bitcoin reserve strategy in 2024, and continued to lead in 2025. (Businessinsider)