K Wave Media, a US-listed company, has received $1 billion in financing to advance its bitcoin strategy and has purchased 88 bitcoins
2025-07-10 13:10:15
According to GlobeNewswire, K Wave Media (NASDAQ: KWM) today announced a $500 million convertible note agreement with Anson Funds, along with a previous $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, bringing its total capital capacity to $1 billion. The company has completed its first 88 bitcoin purchase and plans to use at least 80% of the net proceeds from the financing for bitcoin acquisitions, with the goal of expanding to 10,000 bitcoins as soon as possible.
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