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

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]