K Wave Media sells $500 million in common stock, with the funds used to support Bitcoin financial strategies.

2025-06-04 19:22:53

Golden Finance reports that K Wave Media (KWM), a South Korean media company listed on Nasdaq, has announced that it has signed a protocol with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million by selling common stock. The proceeds will be used to advance the Bitcoin-centric corporate asset strategy, working capital, and merger expansion. KWM stated that it will emulate the model of Japan's Metaplanet Inc. to become the "Korean version of Metaplanet."

BTC-0.32%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
1
Repost
Share

Comment

0/400

Qxiboy

· 06-04 20:22

Bull Run 🐂

Reply0

DailyNews

Trending TopicsView More
#Gatefunmemecontestcoming
12K Popularity
#Fedratecutexpectationsheatup
46K Popularity
#Spotetfapprovalupdates
9.7K Popularity
#Blackrockkeepsbuyingbtc
1.6K Popularity
#Showmyalphapoints
188.1K Popularity

Sitemap