K Wave Media secures $1billion in funding to expand its Bitcoin treasury and strengthen its digital asset strategy.
The company has purchased 88 BTC and plans to grow its holdings to 10,000 BTC through structured financing deals.
K Wave aims to connect Korean content with Bitcoin use to create new fan experiences and attract global investor attention.
K Wave Media has announced the completion of a $500 million convertible note agreement with Anson Funds. This follows an earlier $500 million standby equity purchase agreement with Bitcoin Strategic Reserve. With both agreements finalized, the company now holds a total of $1 billion in capital. The funds are directed toward its Bitcoin treasury strategy.
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Under the terms, K Wave will issue $15 million in senior secured convertible notes and warrants in the initial tranche. At least 80% of all net proceeds will be used to purchase Bitcoin. This aligns with the company’s public commitment to build a substantial digital asset reserve.
Initial Bitcoin Acquisition Underway
K Wave Media has already purchased 88 BTC as part of its initial accumulation phase. The firm also announced that it is planning to aggressively expand such holdings. The goal is to hit 10,000 BTC in the long term while ensuring transparency and investor alignment.
The convertible notes to Anson Funds will mature in July 2027. They carry a 12% interest rate, but this only applies in the event of a default. Warrants associated with the agreement are exercisable at about $3.66 per share. They will remain valid for five years from the date of issuance.
Stock Movement Follows Bitcoin Announcement
K Wave’s Bitcoin strategy has had a visible impact on its stock. The company’s shares fell 16.67% in the last trading session. Over the past month, the stock has decreased more than 28%. It is currently trading at around $4.60, according to TradingView data.
Despite the dip, market interest remains strong. Investors appear to be responding positively to the dual focus on Bitcoin and digital entertainment. The company continues to attract attention as one of the first Nasdaq-listed firms to take this route. Nano Labs, another Nasdaq-listed firm, also recently acquired $500 million via convertible notes to build a Binance Coin (BNB) reserve that would leverage crypto assets for treasury diversification.
Content Strategy to Integrate Bitcoin
K Wave Media’s business operations include Korean drama and music production. The company plans to integrate Bitcoin, which has been on an upward frenzy, into its content ecosystem. It aims to create new forms of fan engagement by offering digital content experiences tied to Bitcoin usage.
This includes exploring ways for users to invest in or access media through Bitcoin. The broader goal is to align digital assets with entertainment. The company believes this combination can increase user interaction and long-term investor interest.
K Wave Media is positioning itself among global firms adopting Bitcoin as a core treasury asset. Its model reflects a growing trend of publicly traded companies integrating cryptocurrency with traditional business operations.
