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K Wave Media plans to issue up to $500 million in common stock backed by Bitcoin strategic reserves, aiming to become the "Korean version of Metaplanet."

2025.06.04 20:16:28

On June 4th, as per the report in businessinsider, Nasdaq's first South Korean media alliance, K Wave Media Inc. (with the Nasdaq symbol: KWM), announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company will issue up to $500 million in common stock through this means. The funds obtained from this financing will be utilized to support the company's Bitcoin-centric digital asset reserve strategy, working capital, and merger and acquisition activities, thereby further expanding its content production and K-POP-related business. Under this strategic framework, K Wave will, within certain limitations, use the majority of the proceeds from the financing for the long-term holding and yield optimization of Bitcoin (BTC), making it one of the world's first publicly listed media companies to directly incorporate BTC into core treasury management. Additionally, the company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and earn on-chain transaction rewards. Officials declared that K Wave aims to become the "Korean version of Metaplanet" - referring to the example of the Japanese Metaplanet company, which became the world's top-performing stock after adopting a Bitcoin reserve strategy in 2024 and continued to lead in 2025. K Wave believes that this innovative model that combines public market financing with a Bitcoin reserve will resonate with investors in Asia and globally.
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