Latest news with #KWave
Yahoo
09-06-2025
- Business
- Yahoo
K-Pop Company Jumps On Bitcoin Treasury Train, Stock Surges 150%
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bitcoin Treasury Company train is showing no signs of slowing. The latest to jump on the bandwagon is an entertainment firm focused on producing K-pop music and related merchandising. K Wave Media (NASDAQ:KWM) said on Wednesday that it agreed to sell $500 million worth of ordinary shares to Bitcoin Strategic Reserve KWM, vowing to commit a significant portion of the proceeds to buy Bitcoin. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'K Wave is looking to be the 'Metaplanet of Korea,'' the firm said, referring to the Japanese hotel management company-turned-Bitcoin-treasury firm in 2024. Metaplanet's stock surged 2,600% within the year. K Wave Media said it expected a similar model to resonate with investors across Asia and the world. Indeed, the company's stock surged nearly 150% following its announcement of a Bitcoin treasury, opening at almost $5 on Wednesday after closing just below $2 on Tuesday. Beyond purchasing Bitcoin, K Wave Media intends to become deeply involved in the blockchain ecosystem, revealing plans to operate Bitcoin Lightning Network nodes and invest in native infrastructure, with the goal of enabling customers to engage with content and purchase merchandise on the blockchain. 'Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability," said Co-Interim CEO of K Wave Media Ted Kim. 'This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce [South] Korea's best content and help position KWM in the K POP's entire ecosystem by allowing it to expand to concert management and music distribution, among others.' Trending: New to crypto? on Coinbase. Standard Chartered recently estimated that approximately 61 public companies are adding Bitcoin to their balance sheets in hopes of becoming proxies for the leading digital asset. The bank warned that while the business model worked for now, as institutional access to Bitcoin remained limited in some regions, these companies are likely to lose their value as the asset became more normalized. At the same time, the bank warned that newer firms in the space faced a Bitcoin volatility risk. 'BTC volatility suggests that a move lower – below the average purchase prices for some Bitcoin treasuries – is probable in the nearer term,' Standard Chartered digital assets research chief Geoffrey Kendrick said. 'Indeed, at current average purchase prices for Bitcoin treasuries, it would only take a move back below USD 90,000 to put half the Bitcoin treasuries (by number of companies) underwater.' Standard Chartered warned that these firms may not have a large pain threshold. According to the bank, these firms could be forced to sell if Bitcoin were to slip 22% below their purchasing price. 'Bitcoin treasuries are adding to Bitcoin buying pressure for now, but we see a risk that this may reverse over time,' Kendrick said. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article K-Pop Company Jumps On Bitcoin Treasury Train, Stock Surges 150% originally appeared on
Yahoo
05-06-2025
- Business
- Yahoo
Korea's K Wave Media Soars 155% on $500M Bitcoin Treasury Plan
K Wave Media Inc.(KWM), the first Korean media alliance listed on Nasdaq, has announced plans to raise up to $500 million in stock sales to fund bitcoin purchases. "K Wave is looking to be the 'Metaplanet of Korea," said the company in a translated statement. "The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe." K Wave said it intends to use the capital not only to acquire and hold bitcoin long-term, but also to operate Lightning Network nodes and invest in bitcoin-native infrastructure for yield optimization and decentralized transaction rewards. KWM is higher by 155% in premarket trading. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
05-06-2025
- Business
- Barnama
K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company') Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
NEW YORK and SEOUL, South Korea, June 5 (Bernama) -- K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company'), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares. Proceeds from the facility will be used to support the Company's Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards.
Business Upturn
04-06-2025
- Business
- Business Upturn
K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company') Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
NEW YORK and SEOUL, South Korea, June 04, 2025 (GLOBE NEWSWIRE) — K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company'), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares. Proceeds from the facility will be used to support the Company's Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards. K Wave is looking to be the 'Metaplanet of Korea' — referencing Japan's Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM's content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth. The Company's asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include: Acquiring and holding BTC as a primary corporate reserve asset as a primary corporate reserve asset Reinvesting BTC yields into additional Bitcoin purchases and infrastructure initiatives to deepen its engagement with the Bitcoin ecosystem. Allowing KWM's consumers to purchase KWM's content and K-pop merchandising utilizing BTC in a WEB3 environment. Investors can invest in top-quality Korean film and K-pop projects utilizing approved coins by KWM, including BTC. By adopting Bitcoin as its core reserve asset, K Wave aims to strengthen its balance sheet with the world's most secure and decentralized digital currency while aligning itself strategically with the growing global Bitcoin economy and Web3 future. Choi, Pyeungho, Chairman of the Board of KWM, commented: 'K Wave Media's bold adoption of Bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance. We are proud to support K Wave's mission to lead Web3 integration in the content space and believe this strategy will create strong, long-term value for its shareholders.' Ted Kim, Co-Interim CEO of K Wave Media, added: 'At K Wave, we are reimagining the future of media — and that includes our financial foundation. Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we're reinforcing our commitment to decentralization, agility, and future-facing value creation. This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce Korea's best content and help position KWM in the K POP's entire ecosystem by allowing it to expand to concert management and music distribution, among others. About K Wave Media Founded in 2023 and headquartered in the Cayman Islands, K Wave Media Ltd is a diversified entertainment company with operating companies in Korea producing high-quality K-content, K-pop merchandising, and K-entertainment investments. With a strong focus on creator empowerment and blockchain integration, K Wave delivers unique customer experiences to a global audience. The company is redefining the intersection of entertainment, technology, and finance by building an ecosystem that supports decentralized ownership, real-time creator monetization, and crypto-native engagement. This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company's ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Media Contact Red Rooster PR Evan Sneider [email protected]
Business Insider
04-06-2025
- Business
- Business Insider
K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company') Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
NEW YORK and SEOUL, South Korea, June 04, 2025 (GLOBE NEWSWIRE) -- K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company'), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC , providing for the sale by the Company of up to $500 million of ordinary shares. Proceeds from the facility will be used to support the Company's Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards. K Wave is looking to be the 'Metaplanet of Korea' — referencing Japan's Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM's content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth. The Company's asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include: Acquiring and holding BTC as a primary corporate reserve asset Reinvesting BTC yields into additional Bitcoin purchases and infrastructure initiatives to deepen its engagement with the Bitcoin ecosystem. Allowing KWM's consumers to purchase KWM's content and K-pop merchandising utilizing BTC in a WEB3 environment. Investors can invest in top-quality Korean film and K-pop projects utilizing approved coins by KWM, including BTC. By adopting Bitcoin as its core reserve asset, K Wave aims to strengthen its balance sheet with the world's most secure and decentralized digital currency while aligning itself strategically with the growing global Bitcoin economy and Web3 future. Choi, Pyeungho , Chairman of the Board of KWM, commented: 'K Wave Media's bold adoption of Bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance. We are proud to support K Wave's mission to lead Web3 integration in the content space and believe this strategy will create strong, long-term value for its shareholders.' Ted Kim , Co-Interim CEO of K Wave Media, added: 'At K Wave, we are reimagining the future of media — and that includes our financial foundation. Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we're reinforcing our commitment to decentralization, agility, and future-facing value creation. This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce Korea's best content and help position KWM in the K POP's entire ecosystem by allowing it to expand to concert management and music distribution, among others. Founded in 2023 and headquartered in the Cayman Islands, K Wave Media Ltd is a diversified entertainment company with operating companies in Korea producing high-quality K-content, K-pop merchandising, and K-entertainment investments. With a strong focus on creator empowerment and blockchain integration, K Wave delivers unique customer experiences to a global audience. The company is redefining the intersection of entertainment, technology, and finance by building an ecosystem that supports decentralized ownership, real-time creator monetization, and crypto-native engagement. This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company's ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
