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Bitcoin Treasury Company K Wave Media Receives Up to $485 Million in Funding Support for Transition to AI Infrastructure Business
Mars Finance news: K Wave Media, a Bitcoin Treasury Company listed on Nasdaq, announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support to build an AI infrastructure platform. The company will focus on investing in data centers, leasing GPU computing power, and conducting M&A and collaboration for AI key infrastructure. In addition, the company has approved the sale of its wholly owned subsidiary, Play Co., Ltd., to its original shareholders. The transaction is expected to reduce approximately $48 million in debt, and is still subject to shareholder approval at the company’s annual meeting in July 2026.