Korean media group K Wave Media (Nasdaq: KWM), listed on Nasdaq, has announced a convertible note agreement with Anson Funds. Anson has agreed to provide financing of up to $500 million, with KWM using at least 80% of the net proceeds to purchase Bitcoin (BTC). The first tranche of financing will involve the issuance and sale of $15.000 million worth of senior secured convertible notes and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP, pursuant to a securities purchase agreement. The company will receive $15.000 million in gross proceeds from this offering before deducting placement agent fees and other issuance expenses payable by the company. Under the purchase agreement, the company must use at least 80% of the net proceeds from the sale of the notes and warrants specifically to purchase Bitcoin (BTC). [Foresight News]

<div><h2>Crypto Market Update</h2>Let's turn our attention to today's overall Crypto market situation. As of 5:59 PM Hong Kong time on July 10, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.61 trillion US dollars, witnessing an increase of 0.272% compared to yesterday; the total trading volume is 155.93 billion US dollars, marking a significant rise of 71.9% from the previous day.</div> <div><h2>Cryptocurrency Market Update - July 10, 2025</h2>According to sosovalue, the price of BTC is 113,750 USD, an increase of 4.2% from yesterday. The market cap of BTC is 2.26 trillion USD, accounting for 62.7% of the total market cap; BTC's 24-hour trading volume is 47.26 billion USD, making up 30.3% of the total trading volume. The price of ETH is 2,830.2 USD, up 6.31% from yesterday; the market cap of ETH is 341.65 billion USD, representing 9.47% of the total market cap; ETH's 24-hour trading volume is 33.61 billion USD, comprising 21.6% of the total trading volume. The combined market capitalization of BTC and ETH accounts for 72.17% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.9% of the total trading volume.</div> <div>After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day: As of 17:50 Hong Kong time, according to sosovalue, the top five gainers are: Top 1 gainer is Hyperlane (HYPER). As of 17:50 today, its market cap is 84.75M USD, with a coin price of 0.48372 USD, witnessing a 24-hour increase of 336%. The second is Ben the Dog (BENDOG). As of 17:50 today, its coin price is 0.00077900 USD, with a 24-hour increase of 109%. The third is ZKFair (ZKF). As of 17:50 today, its coin price is 0.000055500 USD, showing a 24-hour increase of 102%. In fourth place is Tokyo Games Token (TGT). As of 17:50 today, its coin price is 0.014520 USD, with a 24-hour rise of 54.3%. In fifth place is MemeCore (M). As of 17:50 today, its coin price is 0.41535 USD, increasing by 50.8% over the last 24 hours. </div> Moving on, let's take a look at the sector performance in crypto market. Acccording to sosovalue, out of 16 sectors, all 16 are up. Notably, NFT, Meme, and AI sectors are worth mentioning. NFT sector has risen 11.5% relative to the UTC 0 time, led by gains in PENGU (33.6%), opul (10.6%), and DOOD (9.97%). Meme sector has increased 10.3% relative to UTC 0, with BENDOG (160%), M (54.1%), and VINE (36.5%) leading the rise. AI sector has risen 10.3%, with ZEREBRO (30.4%), GRIFFAIN (26.1%), and arc (25.5%) leading the rise. Let's go through the Crypto news worth paying attention today according to sosovalue: The first is:Korean media group K Wave Media (Nasdaq: KWM), listed on Nasdaq, has announced a convertible note agreement with Anson Funds. Anson has agreed to provide financing of up to $500 million, with KWM using at least 80% of the net proceeds to purchase Bitcoin (BTC). The first tranche of financing will involve the issuance and sale of $15.000 million worth of senior secured convertible notes and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP, pursuant to a securities purchase agreement. The company will receive $15.000 million in gross proceeds from this offering before deducting placement agent fees and other issuance expenses payable by the company. Under the purchase agreement, the company must use at least 80% of the net proceeds from the sale of the notes and warrants specifically to purchase Bitcoin (BTC). [Foresight News] Next news:According to Fortune magazine, stablecoin startup Agora has completed a $50.00 million Series A funding round led by Paradigm. Agora has partnered with cryptocurrency companies such as Polygon to help them launch customized stablecoins for decentralized finance projects. [Foresight News] Next news:On July 10th, video sharing platform Rumble (Nasdaq: RUM) announced today a partnership with crypto payment infrastructure company MoonPay to jointly promote the transformation of creators' profit models in the decentralized world. According to the agreement, MoonPay will provide full cryptocurrency access support for the Rumble Wallet, which is scheduled to be launched in the third quarter of 2025, enabling users to seamlessly buy, sell, and exchange cryptocurrencies. At the same time, MoonPay's creative agency Otherlife will begin using Rumble Cloud for next-generation object storage and decentralized computing. [Deep Tide TechFlow] Next news:According to CoinDesk, German state-owned development bank NRW.BANK has issued a blockchain bond worth €100 million ($116.7 million USD). The two-year bond was issued on the Polygon blockchain and registered using the infrastructure of Cashlink Technologies, a crypto securities registry licensed by the German Federal Financial Supervisory Authority (BaFin). This is NRW.BANK's first fully digital bond issuance under the German Electronic Securities Act (eWpG) as a crypto security. The law allows bonds to exist entirely on a blockchain network without the need for physical certificates. [Foresight News] Next news:According to Bloomberg, Ant International will incorporate Circle's stablecoin into its global platform. [Foresight News] Next news:Guotai Junan International recently published a digital asset research report entitled "Inspirations from Tether: Can Non-USD Stablecoins Break the Mold?" stating that with the implementation of stablecoin regulatory frameworks in major countries and economies around the world, the global digital asset market is also undergoing a historic transformation. The report points out that after years of development, non-USD stablecoins already have a foundation for expansion, and the "de-dollarization" trend since the beginning of this year has also provided new opportunities for non-USD stablecoins. Judging from the regulatory framework and development status of the existing stablecoin market, the stablecoin market is likely to show a "dual-track parallel" development characteristic in the future. [Foresight News] Next news:On July 10, according to the official announcement, the BNB Foundation announced the completion of the 32nd quarterly burn, with a total burn of 1,595,599.78 BNB, worth approximately $1.024 billion. This includes 1,595,470.69 coins actually burned and 129.10 coins burned by the Pioneer Burn Program. After this burn, the total supply of BNB remaining is 139,289,513.94, and the burned tokens have been sent to the black hole address. [Shenchao TechFlow] Next news:According to official sources, YZi Labs has announced a strategic investment in blockchain infrastructure platform Aspecta, providing price discovery and lifecycle liquidity for illiquid assets (such as pre-release stocks, locked tokens, private equity, risk-weighted assets, etc.). [ChainCatcher] Next news:Cryptocurrency mining company BIT Mining has announced that it will convert its cryptocurrency holdings into Solana and will raise $200 million to $300 million for its Solana strategy. [Foresight News] Next news:July 10, according to the official announcement, Binance Futures will launch the following perpetual contracts:

7-11 07:00 (UTC): CROSSUSDT perpetual contract with up to 50x leverage;

7-11 07:15 (UTC): AINUSDT perpetual contract with up to 50x leverage. [BlockBeats] Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

MAG7.SSI

BENDOG

HYPER

SOSO

CRCL

SoSo Daily Jul 10 | KWM and Anson reach convertible note agreement, with 80% of the first $15.00 million in financing used to purchase Bitcoin

K Wave Media Inc. (ticker KWM) has announced $1 billion in financing to support its Bitcoin acquisition strategy.The total includes a newly signed $500 million convertible note agreement with Anson Funds,as well as a previously disclosed $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, according to an announcement made on Thursday.K Wave said it has already purchased 88 BTC and will issue $15 million in senior secured convertible notes and warrants in the first tranche, using at least 80% of these proceeds to acquire additional coins. The arrangement will facilitate the potential issuance of up to $500 million in convertible notes and warrants, with conversion pricing set at $4.40 per share.The company, a Nasdaq-listed K-Pop media holding company, is among the latest publicly traded global firms to double down on a Bitcoin treasury strategy. K Wave, like Michael Saylor’s Strategy that largely pioneered the Bitcoin capital sector, uses a variety of financing arrangements to gain leverage on its crypto holdings.There are at least 20 firms worldwide with at least $5 million worth of Bitcoin on their balance sheet, according to The Block’s data."We believe that this financing structure positions us to execute one of the most ambitious corporate Bitcoin accumulation strategies in the world," Ted Kim, CEO of K Wave Media, said in a statement. "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."KWM was down 16% at about $4.60 at press time, according to Yahoo Finance.The convertible notes issued to Anson will mature on July 3, 2027, and accrue 12% annual interest, though interest will only be payable in the event of default. The accompanying warrants are immediately exercisable at approximately $3.66 per share for up to five years.Anson Funds is a privately held alternative asset management company founded in 2003, with offices in Toronto, Canada, and Dallas, Texas, according to its website. Anson considers itself to be “an active institutional investor in the Bitcoin ecosystem.”

K Wave Media brings Bitcoin treasury financing to $1 billion with latest funding deal

K Wave Media Inc. has announced a $500 million convertible note agreement with Anson Funds to support its Bitcoin treasury strategy. This financing follows an earlier $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, bringing the company’s total capital capacity to $1 billion. JUST IN: 🇰🇷 Publicly traded K Wave Media secures $1 billion capital capacity to buy #Bitcoin Nothing stops this train 🙌 pic.twitter.com/9cQA5iIzuk As part of the Anson agreement, K Wave will issue $15 million in senior secured convertible notes and warrants in the first tranche. Under the terms of the deal, at least 80% of the net proceeds will be used to purchase Bitcoin. K Wave confirmed it has already acquired 88 BTC.  “We believe that this financing structure positions us to execute one of the most ambitious corporate Bitcoin accumulation strategies in the world,” said Ted Kim, CEO of K Wave Media. “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.” The company also expects its Korean content business to benefit from the strategy. “We actively explore innovative ways for global fans to engage with, consume, and even invest in our premium movies and dramas using Bitcoin,” Kim added.  Amin Nathoo, CEO of Anson Funds, stated: “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.”  The agreement allows for the potential issuance of up to $500 million in convertible notes and warrants, with conversion pricing set at $4.40 per share. The warrants, exercisable at $3.6616, are valid for five years. The notes mature in July 2027 and only accrue interest in the event of default.  D. Boral Capital LLC acted as the exclusive placement agent for the offering.  K Wave Media is the first Nasdaq-listed company to combine Korean cultural content with a Bitcoin treasury model, aiming to create new forms of engagement.

K Wave Media Raises $1 Billion For Bitcoin Treasury

K Wave Media (Nasdaq: KWM), a listed company focusing on Korean entertainment content, announced a $500 million convertible bond agreement with Anson Funds. Combined with the previous $500 million equity financing agreement signed with Bitcoin Strategic Reserve, the total financing capacity reaches $1 billion. KWM stated that at least 80% of the net proceeds will be used to purchase Bitcoin, and the first batch of 88 BTC has been purchased. The goal is to increase holdings to 10,000 BTC as soon as possible. [Wu Shuo]

K Wave Media Secures $1 billion in Total Funding to Advance Bitcoin Financial Strategy

According to GlobeNewswire, K Wave Media (Nasdaq: KWM) today announced a $500 million convertible note agreement with Anson Funds, which, together with the previously reached $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, brings its total capital capacity to $1.00 billion. The company has completed the purchase of the first 88 Bitcoins and plans to use at least 80% of the net proceeds from the financing for Bitcoin acquisitions, with the goal of expanding to 10,000 Bitcoins as soon as possible. [ChainCatcher]

U.S. listed company K Wave Media receives $1 billion in financing to advance Bitcoin strategy, has purchased 88 Bitcoins

On July 10, GlobeNewswire reported that K Wave Media (Nasdaq: KWM) announced today that it has entered into a $500 million convertible note agreement with Anson Funds, which, together with the previously reached $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, brings its total capital capacity to $1.0 billion. The company has completed the first purchase of 88 Bitcoins and plans to use at least 80% of the net proceeds from the financing for Bitcoin acquisitions, with the goal of expanding to 10,000 Bitcoins as soon as possible. [Deep Tide TechFlow]

K Wave Media Secures $1 billion in Funding to Advance Bitcoin Strategy, Has Already Purchased 88 Bitcoins

K Wave Media (Nasdaq: KWM) has announced that it has signed a $500 million convertible note agreement with Anson Funds, with the first tranche issuing $15.00 million in senior secured convertible notes and warrants, with at least 80% of the net proceeds to be used to purchase Bitcoin. In addition, K Wave Media has completed its first acquisition of 88 Bitcoin and plans to increase its holdings to 10,000 Bitcoin. The initial funding will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP in the aggregate amount of $15.00 million in senior secured convertible bonds and warrants through a securities purchase agreement. (GlobeNewswire) [Odaily Planet Daily]

K Wave Media Reaches $500.00 Million Convertible Bond Agreement with Anson Funds, Plans to Increase BTC Holdings

On July 10 (UTC+8), K Wave Media Inc. (Nasdaq: KWM) announced today that it has reached a convertible bond agreement with Anson Funds, under which Anson will provide financing support of up to $500 million, and KWM has committed to use at least 80% of the net proceeds to purchase Bitcoin (BTC). The first financing will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement for a total of $15.000 million in senior secured convertible bonds and warrants. (Source: Bitpush) [MetaEra]

K Wave Media Reaches $500 Million Convertible Bond Agreement with Anson Funds, Plans to Use 80% to Purchase BTC

On July 10, according to GlobeNewswire, K Wave Media Inc. (Nasdaq: KWM) today announced that it has reached a convertible bond agreement with Anson Funds, under which Anson will provide financing support of up to $500 million, and KWM has committed to use at least 80% of the net proceeds to purchase Bitcoin (BTC). The first financing will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement for a total of $15.000 million in senior secured convertible bonds and warrants. [BlockBeats]

July 10, According to GlobeNewswire, K Wave Media Inc. (NASDAQ: KWM) today announced that it has entered into a convertible bond agreement with Anson Funds. Under the agreement, Anson will provide up to $500 million in financing support, with KWM committing to use at least 80% of the net proceeds to purchase Bitcoin (BTC). The first tranche of financing will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement, totaling $15 million in senior secured convertible bonds and warrants. [BlockBeats]

K Wave Media has reached a $500 million convertible bond agreement with Anson Funds, intending to use 80% to purchase BTC.

KWM and Anson reach convertible note agreement, with 80% of the first $15.00 million in financing used to purchase Bitcoin

HIGHLIGHTS K Wave Media just secured $500 million in addition to an earlier $500 million it had for the Bitcoin strategy. The media giant aims to acquire 10,000 BTC as soon as possible. The company's stock is up over 6% in the last day. Nasdaq-listed company K Wave Media has announced that it now has $1 billion, which it intends to use to drive its Bitcoin treasury strategy. This follows a $500 million financing deal with Anson Funds, which adds to the earlier $500 million it secured to buy BTC.
South Korea's K Wave Media Makes Headway With Bitcoin Treasury Plan
In a press release, the media giant announced that it is entering into a convertible note agreement with Anson Funds, under which Anson will provide up to $500 million in financing. K Wave plans to allocate a minimum of 80% of the net proceeds toward Bitcoin purchase.

This follows an earlier announcement of a $500 million Srandby Equity Purchase Agreement (SEPA) with Bitcoin Strategy Reserve. This brings the company's total capital capacity for its Bitcoin treasury initiative to $1 billion.

Back then, the company remarked that it was looking to be the "Metaplanet of Korea." It noted how the Japanese company became the number one performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin strategy.

Indeed, Metaplanet has achieved massive success since it became a Bitcoin treasury company. CoinGape reported that the Japanese company beat S&P 500 Q2 revenue estimates and also saw its BTC income soar 42%.

K Wave Media believes that a similar Bitcoin model, which combines public market access with a focused Bitcoin initiative, will resonate with investors across Asia and the globe.

With the initiative underway, the company announced the initial acquisition of 88 BTC. It intends to scale its Bitcoin holdings "aggressively and transparently," while aligning itself with the monetary principle of BTC and the growing global movement of on-chain corporate reserves.
The Plan To Acquire 10,000 BTC
Ted Kim, CEO of K Wave Media, stated that his company's objective is to scale its holdings toward 10,000 Bitcoin as soon as possible. They plan to do so while maintaining strong investor alignment and full transparency in Bitcoin treasury reporting.

Kim also stated that their existing K-content businesses stand to benefit from this BTC-driven treasury strategy as they actively explore innovative ways for global fans to engage with, consume, and even invest in our premium movies and dramas using Bitcoin.”

The company's stock is also benefiting from this Bitcoin treasury strategy. TradingView data shows that the KWM stock is up over 6% in the last day, trading at around $5. The stock is also up over 41% in the last month.

South Korean Media Giant K Wave Secures $1 Billion for Bitcoin Treasury

韩国媒体集团K Wave Media（纳斯达克代码：KWM）宣布与Anson Funds达成一项可转换债券协议。Anson同意提供最高5亿美元的融资，KWM将至少使用净收益的80%购买Bitcoin（BTC）。首批融资将涉及向Anson Investments Master Fund, LP和Anson East Master Fund LP发行和出售价值1,500万美元的高级担保可转换债券和认股权证，依据证券购买协议进行。公司将在扣除承销代理费用和其他发行费用前获得1,500万美元的毛收益。根据购买协议，公司必须将至少80%的净收益专门用于购买Bitcoin（BTC）。[Foresight News]

KWM和Anson达成可转换债券协议，首轮融资1500万美元中有80%用于购买Bitcoin

韓國媒體集團K Wave Media（納斯達克代碼：KWM）宣佈與Anson Funds達成一項可轉換債券協議。Anson同意提供最高5億美元的融資，KWM將至少使用淨收益的80%購買Bitcoin（BTC）。首批融資將涉及向Anson Investments Master Fund, LP和Anson East Master Fund LP發行和出售價值1,500萬美元的高級擔保可轉換債券和認股權證，依據證券購買協議進行。公司將在扣除承銷代理費用和其他發行費用前獲得1,500萬美元的毛收益。根據購買協議，公司必須將至少80%的淨收益專門用於購買Bitcoin（BTC）。[Foresight News]