K Wave this move is quite practical; AI infrastructure is more stable than just holding coins.

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CryptoFrontier
K Wave Media Redirects $485M Bitcoin Plan to AI Infrastructure
K Wave Media, a Nasdaq-listed Korean media and entertainment firm, announced it will redirect up to US$485 million from a planned bitcoin treasury strategy into AI infrastructure including data centers, GPU compute, and acquisitions, according to CoinDesk. The move amends a US$500 million
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