K Wave Media Inc. has secured a $500 million convertible note agreement with Anson Funds to further its Bitcoin treasury strategy. This financing comes after a $500 million equity purchase agreement with Bitcoin Strategic Reserve, totaling a capital capacity of $1 billion. K Wave plans to use at least 80% of proceeds to buy Bitcoin, having already acquired 88 BTC. The strategy aims to scale holdings to 10,000 Bitcoin and enhance engagement in Korean content with Bitcoin-based investment innovations.
We believe that this financing structure positions us to execute one of the most ambitious corporate Bitcoin accumulation strategies in the world.
Our objective is clear: to scale our holdings toward 10,000 Bitcoin as soon as possible while maintaining strong investor alignment and full transparency in treasury reporting.
We actively explore innovative ways for global fans to engage with, consume, and even invest in our premium movies and dramas using Bitcoin.
We are excited to partner with K Wave and their impressive management team as they execute on both the K-content and Bitcoin treasury opportunities.
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