K Wave Media secures $1 billion through Anson Funds and SEPA agreements, allocating 80% of proceeds to Bitcoin acquisitions.
The company starts its treasury strategy by acquiring 88 BTC, symbolizing fortune in Asian culture and commitment to Bitcoin accumulation.
CEO Ted Kim confirms KWM’s goal to acquire 10,000 BTC transparently, aligning Korean media growth with blockchain-driven treasury planning.
K Wave Media Inc. (Nasdaq: KWM) has initiated its Bitcoin acquisition strategy with a $1 billion capital capacity earmarked for treasury purchases.
$1 Billion Capital Strategy Backed by Dual Agreements
K Wave Media, the first Nasdaq-listed company merging Korean cultural content with a Bitcoin-based treasury strategy, announced two financing agreements totaling $1 billion. These include a $500 million convertible note deal with Anson Funds and a $500 million Standby Equity Purchase Agreement (SEPA) with Bitcoin Strategic Reserve.
https://twitter.com/BitcoinMagazine/status/1943287896590450740
The initial tranche involves issuing $15 million in senior secured convertible notes and warrants to Anson Investments Master Fund LP and Anson East Master Fund LP. At least 80% of the net proceeds from the offering will be allocated to Bitcoin purchases. The agreement allows for additional closings under mutual consent and specific conditions, up to the $500 million maximum.
According to the company’s announcement, “Our objective is clear: to scale our holdings toward 10,000 Bitcoin as soon as possible while maintaining strong investor alignment and full transparency in treasury reporting,” said Ted Kim, CEO of K Wave Media.
Strategic Bitcoin Purchases and Treasury Alignment
The company has already done its first purchase of 88 BTC. In Asia, culturally the number "88" represents fortune and good years ahead. This entry is symbolic, as the company now plans to build up to a total of 10,000 BTC in total.
“We believe that this financing structure positions us to execute one of the most ambitious corporate Bitcoin accumulation strategies in the world,” Kim added.
KWM will integrate this treasury approach alongside its established Korean media business. The aim is to maintain transparency in Bitcoin holdings while exploring new opportunities to connect media consumption with blockchain infrastructure.
Media Innovation Backed by Bitcoin
The firm believes its dual focus creates a unique market position. By anchoring its treasury strategy in Bitcoin and continuing to expand its global media presence, KWM plans to build a media platform aligned with Web3 innovation.
Amin Nathoo, CEO of Anson Funds, expressed confidence in the venture, saying, “We are excited to partner with K Wave and their impressive management team as they execute on both the K-content and Bitcoin treasury opportunities.”
D. Boral Capital LLC served as the exclusive placement agent for the private securities offering, which was conducted under Regulation D and Section 4(a)(2) of the Securities Act.
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