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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.
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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.
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