Korean listed company K Wave Media liquidates 88 BTC, exits ranks of Bitcoin treasury companies

Odaily Planet Daily News According to BitcoinTreasuries data, 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.

Last year, K Wave Media announced 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 of this year, the company redirected up to $485 million of the remaining financing capacity from its Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.