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U.S. listed company K Wave Media has secured $1 billion in funding to advance its Bitcoin strategy, having purchased 88 Bitcoins.

2025-07-10 13:01:36

BTC-3.03%

ChainCatcher news, according to GlobeNewswire, K Wave Media (NASDAQ: KWM) today announced a $500 million convertible note agreement with Anson Funds, along with a previously reached $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 batch of 88 Bitcoins and plans to use at least 80% of the net proceeds from financing for Bitcoin acquisition, aiming to expand to 10,000 Bitcoins as soon as possible.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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