On June 4th, according to Business Insider, Nasdaq-listed Korean media alliance K Wave Media Inc. (Nasdaq code: KWM) announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, through which the company will issue up to $500 million in common stock.
The financing proceeds will be used to support the company's Bitcoin-centered digital asset reserve strategy, operating capital, and M&A activities, further expanding its content production and K-POP related businesses. Under this strategic framework, K Wave will use most of the financing proceeds for long-term holding and yield optimization of BTC under specific restricted conditions—making it one of the first listed media companies globally to directly incorporate BTC into core capital management. Additionally, the company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin native infrastructure to enhance decentralization attributes and obtain on-chain transaction rewards.
Officially, K Wave aims to become the "Korean version of Metaplanet"—referencing the Japanese Metaplanet company case, which became the best-performing global stock after adopting a Bitcoin reserve strategy in 2024 and continued to lead in 2025. K Wave believes this innovative model combining public market financing with Bitcoin reserves will resonate with investors across Asia and globally.
