K Wave Media Inc., the first Korean media company to be listed on Nasdaq, announced today that it has signed a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, which includes a joint issuance of up to $500 million in common stock.
The proceeds from this financing will be used to support the company’s Bitcoin (BTC)-focused digital asset reserve strategy, working capital, and M&A activities, as well as expanding its content production and K-POP businesses.
As part of the strategic plan, K Wave will invest the majority of the funding raised for the purpose of long-term holding of Bitcoin under certain restrictions and optimization of returns. Thus, K Wave will become one of the first public media companies in the world to integrate BTC directly into its core fund management.
The company also plans to run Bitcoin Lightning Network nodes and invest in Bitcoin native infrastructure to both strengthen decentralization and gain on-chain transaction rewards.
Officials stated that K Wave's goal is to become the Korean version of Japan-based Metaplanet, which became the world's highest-earning stock by adopting a BTC reserve strategy in 2024 and maintained its leadership in 2025.
*This is not investment advice.
