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