The firm plans to raise up to $500 million through the sale of ordinary shares, with a significant portion of proceeds earmarked for Bitcoin purchases.

According to the company’s official statement, the initiative includes not only acquiring Bitcoin for long-term holding, but also leveraging the asset for yield optimization, alongside M&A activities and other general corporate purposes.

Bitcoin Treasury Trend Expands Beyond Tech Sector

K Wave Media becomes the latest publicly listed firm to embrace Bitcoin as a strategic treasury asset, joining companies like MicroStrategy, Metaplanet, and Semler Scientific. What makes KWM’s move notable is that it represents a media and entertainment company, signaling broader cross-sector adoption of digital asset treasury strategies.

“K Wave will, subject to certain limitations, allocate a significant portion of the proceeds… to the purchasing, long-term holding, and yield optimization of Bitcoin,” the firm noted in its statement.

Market Reacts: KWM Stock Soars Over 130%

Following the announcement, KWM shares surged with more than 130% on the day, as investors appeared to welcome the bold strategic pivot. The stock’s explosive rally mirrors previous moves in crypto-tied equities and suggests strong retail and institutional enthusiasm for firms aligning with Bitcoin.

Strategic Implications

By joining the ranks of Bitcoin treasury holders, K Wave Media is not only diversifying its asset base but also positioning itself in sync with the evolving global financial landscape. The move may enhance the company’s capital resilience, brand visibility, and financial innovation profile, especially as Bitcoin becomes increasingly viewed as a macro hedge.

The post K-Pop Giant Plans $500M Bitcoin Treasury Strategy via Share Sale appeared first on Coindoo.

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Filed under: Bitcoin - @ June 5, 2025 2:00 am