K Wave Media (KWM), a South Korean media company listed on NASDAQ, announced that it has signed an agreement with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million through the sale of common stock. The funds will be used to advance the company's asset strategy centered around Bitcoin, working capital, and merger and acquisition expansion. KWM stated that it will emulate the model of Japan's Metaplanet Inc. to become the 'Korean version of Metaplanet.'