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K Wave Media Redirects $485M From Planned Bitcoin Treasury to AI Infrastructure

2026-05-06 23:58:37

Abstract generation in progress

K Wave Media told the SEC it is redirecting up to $485 million in remaining financing capacity from a planned bitcoin treasury strategy into AI infrastructure. The original $500 million facility was set up in June 2025 under an agreement with Anson Funds to buy bitcoin. K Wave shares closed down 24% on Monday and were down 4% in premarket trading on Tuesday.

BTC-1.65%

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