K Wave Media sells $500 million in common stock to support Bitcoin financial strategy

Golden Finance reported that K-Wave Media (KWM), a South Korean media company listed on NASDAQ, announced that it has signed an agreement with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million through the sale of common stock. The proceeds will be used to advance the company's asset strategy centered around Bitcoin, liquidity, and M&A expansion. KWM stated that it will follow the model of Japanese Metaplanet Inc. and become the "Korean version of Metaplanet".