Odaily Planet Daily News K Wave Media (Nasdaq: KWM) announced that it has signed a $500 million convertible note agreement with Anson Funds, with an initial issuance of $15 million in senior secured convertible notes and warrants. At least 80% of the net proceeds will be used to purchase Bitcoin. In addition, K Wave Media has completed the acquisition of the first 88 Bitcoins and plans to expand its holdings to 10,000 Bitcoins. The first financing will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement, totaling $15 million in senior secured convertible bonds and warrants. (GlobeNewswire)
K Wave Media and Anson Funds Reach $500 Million Convertible Bond Agreement to Increase BTC Holdings
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