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The market is now in extreme fear and extremely bearish. Big players and institutions have already cut their losses and exited. Should we still be clever and act greedy when others are fearful? Let's hear from old Buffett.
Korean listed company K Wave Media liquidates 88 BTC, exits the Bitcoin treasury company ranks
According to BitcoinTreasuries data, Korean listed company K Wave Media (KWM) has sold all its remaining 88 BTC to repay $6 million in debt. After the sale, the company's Bitcoin holdings dropped to 0, exiting the Bitcoin treasury company ranks.
K Wave Media previously announced last year that it had secured $1 billion in Bitcoin treasury financing capacity and planned to expand its Bitcoin holdings to 10k coins as soon as possible. However, in May this year, the company shifted up to $485 million of its remaining financing capacity from the Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power, and related acquisitions. $BTC
{spot}(BTCUSDT)