Nasdaq-listed company K Wave Media has announced that it now has $1 billion, which it intends to use to drive its Bitcoin treasury strategy. This follows a $500 million financing deal with Anson Funds, which adds to the earlier $500 million it secured to buy BTC.
South Korea’s K Wave Media Makes Headway With Bitcoin Treasury Plan
In a press release, the media giant announced that it is entering into a convertible note agreement with Anson Funds, under which Anson will provide up to $500 million in financing. K Wave plans to allocate a minimum of 80% of the net proceeds toward Bitcoin purchase.
This follows an earlier announcement of a $500 million Srandby Equity Purchase Agreement (SEPA) with Bitcoin Strategy Reserve. This brings the company’s total capital capacity for its Bitcoin treasury initiative to $1 billion.
Back then, the company remarked that it was looking to be the “Metaplanet of Korea.” It noted how the Japanese company became the number one performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin strategy.
Indeed, Metaplanet has achieved massive success since it became a Bitcoin treasury company. CoinGape reported that the Japanese company beat S&P 500 Q2 revenue estimates and also saw its BTC income soar 42%.
K Wave Media believes that a similar Bitcoin model, which combines public market access with a focused Bitcoin initiative, will resonate with investors across Asia and the globe.
With the initiative underway, the company announced the initial acquisition of 88 BTC. It intends to scale its Bitcoin holdings “aggressively and transparently,” while aligning itself with the monetary principle of BTC and the growing global movement of on-chain corporate reserves.
The Plan To Acquire 10,000 BTC
Ted Kim, CEO of K Wave Media, stated that his company’s objective is to scale its holdings toward 10,000 Bitcoin as soon as possible. They plan to do so while maintaining strong investor alignment and full transparency in Bitcoin treasury reporting.
Kim also stated that their existing K-content businesses stand to benefit from this BTC-driven treasury strategy as they actively explore innovative ways for global fans to engage with, consume, and even invest in our premium movies and dramas using Bitcoin.”
The company’s stock is also benefiting from this Bitcoin treasury strategy. TradingView data shows that the KWM stock is up over 6% in the last day, trading at around $5. The stock is also up over 41% in the last month.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.
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