K Wave Media secures $1B for Bitcoin treasury strategy

Nasdaq-listed K Wave Media (KWM) has secured $1 billion to accelerate its Bitcoin (BTC) acquisition strategy, according to Globe Newswire press release. This includes a $500 million Standby Equity Purchase Agreement (SEPA) and a $500 million convertible note agreement with Anson Funds. The company aims to acquire 10,000 BTC and integrate Bitcoin into its operations alongside its K-content businesses.