CoinVoice has recently learned that, according to GlobeNewswire, K Wave Media (NASDAQ: KWM) announced today a $500 million convertible note agreement with Anson Funds, along with a previously agreed $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, bringing its total capital capacity to $1 billion.

The company has completed the purchase of the first 88 bitcoins and plans to use at least 80% of the net proceeds from the financing for bitcoin acquisitions, aiming to expand to 10,000 bitcoins as soon as possible. [Original link]