K Wave abandons a $485 million $BTC reserve plan, shifts to AI, then the stock price drops 25% on the same day, and they also plan to rebrand as Talivar Technologies.



Interestingly, this happened against the backdrop of $BTC continuing to strengthen. Not everyone is rushing in—someone did the math and concluded that the expected returns from mining/holding coins are no longer as good as leasing hash power. But the market clearly isn't convinced, voting with their feet.

This points to a question: when you raise funds as "$BTC concept stocks" and then suddenly say "I'm out," the trust cost for investors is real. The next thing to watch is how many similar companies are brewing the same shift.
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