K Wave abandons Bitcoin reserve plan, shifts focus to AI infrastructure

CryptoWorld News reports that K Wave Media, a Nasdaq-listed company, has announced it is abandoning its Bitcoin reserve plan and shifting to become an AI infrastructure company, expecting to receive funding of up to $485 million. The company plans to spin off its traditional media business, eliminate approximately $48 million in debt, and rebrand as Talivar Technologies in pursuit of higher profit margins.

K Wave’s board has approved the sale of its wholly owned subsidiary, Play Co., back to its former owners; this transaction is expected to eliminate $48 million in debt. Management said this move will leave the company’s remaining liabilities “minimal” and provide greater capital flexibility for the new business. The funding will come from a revised securities purchase agreement with Anson Funds, which last year pledged to provide up to $500 million to support the Bitcoin reserve strategy.

K Wave plans to use the remaining funds for AI infrastructure buildout and related acquisitions. This shift reverses the plan made in June 2025. Public investors punished the strategic change, and K Wave’s stock fell by more than 25% on Monday.

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