K Wave Media Soars 12.94% on Bitcoin Treasury Plan

K Wave Media's stock surged by 12.94% in pre-market trading on June 9, 2025, driven by significant developments in the company's strategic initiatives.

K Wave Media (KWM) has announced a $500 million equity raise to support the establishment of a Bitcoin Treasury Facility. This move is part of the company's ambitious plan to become the "Metaplanet of Korea," leveraging its Bitcoin Treasury business model to position itself as a leading player in the cryptocurrency-driven investment landscape.

This strategic initiative has garnered attention from investors, who see KWM's focus on Bitcoin as a forward-thinking approach that aligns with the growing interest in digital assets. The company's commitment to building a robust Bitcoin Treasury is expected to enhance its financial stability and attractiveness to potential investors.