Golden Finance reports that K Wave Media (KWM), a South Korean media company listed on Nasdaq, has announced that it has signed a protocol with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million by selling common stock. The proceeds will be used to advance the Bitcoin-centric corporate asset strategy, working capital, and merger expansion. KWM stated that it will emulate the model of Japan's Metaplanet Inc. to become the "Korean version of Metaplanet."
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
K Wave Media sells $500 million in common stock, with the funds used to support Bitcoin financial strategies.
Golden Finance reports that K Wave Media (KWM), a South Korean media company listed on Nasdaq, has announced that it has signed a protocol with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million by selling common stock. The proceeds will be used to advance the Bitcoin-centric corporate asset strategy, working capital, and merger expansion. KWM stated that it will emulate the model of Japan's Metaplanet Inc. to become the "Korean version of Metaplanet."