According to BitcoinTreasuries, South Korean listed company K Wave Media (KWM) has sold all of its remaining 88 BTC to repay $6 million in debt. After the sale, K Wave Media's current Bitcoin holdings have dropped to zero, exiting the ranks of Bitcoin treasury companies. K Wave Media last year announced that its Bitcoin treasury financing capacity reached $1 billion and stated its goal was to expand its holdings to 10k BTC as soon as possible. However, in May of this year, the company redirected up to $485 million of its remaining financing capacity from the Bitcoin treasury to AI infrastructure, including data centers, GPU computing power, and related acquisitions.

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Stop-LossForBluePeony
· 9h ago
With a financing capacity of 1 billion, only 88 were bought in the end. This execution...
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GateUser-e3701961
· 9h ago
Korean companies seem to have bad luck with treasury strategies; earlier ones also bought high and sold low.
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MintStop-LossPatch
· 10h ago
Last year they shouted about raising 1 billion, and now they’ve sold all 88 to repay their debts—this plot is all too familiar.
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StardustUnderTheGlassDome
· 10h ago
10k tokens target reset to zero, another treasury dream shattered.
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GlassDome
· 10h ago
The AI trend is here, BTC becomes GPU, KWM's pivot is fast enough.
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MoonlightColdWallet
· 10h ago
From Bitcoin Treasury to AI Infrastructure, the name has changed, but the story remains the same.
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ProofOfNap
· 10h ago
A debt of 6 million crushes 88 pieces—if you do the math, the average price is roughly 68,000. Selling at the top is lucky, I guess.
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