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Korea's K Wave Media Soars 155% on $500M Bitcoin Treasury Plan
Aspiring to become the “Korean Metaplanet,” K Wave Media is selling $500 million in common stock to fund initial BTC purchases.
Updated Jun 4, 2025, 3:07 p.m. Published Jun 4, 2025, 12:59 p.m.
What to know:
- South Korea's K Wave Media is the latest entrant in the corporate bitcoin treasury strategy movement.
- The firm is selling $500 million in common stock to fund purchases.
- Shares are higher by 155% on the news.
K Wave Media Inc.(KWM), the first Korean media alliance listed on Nasdaq, has announced plans to raise up to $500 million in stock sales to fund bitcoin purchases.
"K Wave is looking to be the 'Metaplanet of Korea," said the company in a translated statement. "The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe."
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K Wave said it intends to use the capital not only to acquire and hold bitcoin long-term, but also to operate Lightning Network nodes and invest in bitcoin-native infrastructure for yield optimization and decentralized transaction rewards.
KWM is higher by 155% in premarket trading.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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