PANews May 4 news, according to Globenewswire reports, Nasdaq-listed Bitcoin treasury company K Wave Media announced the initiation of a series of strategic transformation measures, including securing up to $485 million in capital support for the construction of an AI infrastructure platform, focusing on data center investments, GPU computing power leasing, and mergers and collaborations in key AI infrastructure. In addition, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to the original shareholders, which is expected to reduce debt by approximately $48 million, and the transaction is still subject to shareholder approval at the annual meeting in July 2026.

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