Korean media alliance K Wave Media plans to issue $500 million in common stock to support Bitcoin strategic reserves According to Businessinsider, K-Wave Media Inc. (NASDAQ: KWM), the first Korean media alliance on NASDAQ, announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, through which the company will issue $500 million in common stock. The proceeds from this financing will be used to support the company's digital asset reserve strategy centered around Bitcoin, working capital, and merger and acquisition activities, further expanding its content production and K-POP related businesses. According to this strategic framework, K Wave will use the majority of its financing proceeds for long-term holding and earnings optimization of Bitcoin under specific restrictions - making it one of the first publicly traded media companies in the world to directly incorporate BTC into core fund management.