South Korean listed company K Wave Media liquidates 88 BTC, exits the Bitcoin treasury company ranks

According to BitcoinTreasuries data, South Korean listed company K Wave Media (KWM) has sold all of its remaining 88 BTC to repay $6 million in debt. Following the sale, the company's Bitcoin holdings have dropped to zero, exiting the ranks of Bitcoin treasury companies.

K Wave Media announced last year that it had secured a $1 billion Bitcoin treasury financing capacity and planned to expand its Bitcoin holdings to 10,000 BTC as soon as possible. However, in May this year, the company redirected up to $485 million of its remaining financing capacity from the Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.