K Wave Media shares surge 27.33% intraday following strategic restructuring, $500M convertible note, and Galaxy Digital partnership.

K Wave Media surged 27.33% intraday following news of strategic restructuring, a $500M convertible note, and a partnership with Galaxy Digital to advance its Bitcoin treasury strategy. The announcement also highlighted founders gifting 10% of shares to reinforce investor alignment. These developments, including significant capital infusion and a high-profile collaboration in the cryptocurrency sector, signaled improved financial flexibility and operational focus, driving immediate bullish sentiment among traders.