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

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]