K Wave Media Soars 17.17% on Bitcoin Strategy

K Wave Media's stock surged 17.17% in pre-market trading on July 11, 2025, driven by significant developments in its Bitcoin strategy.

K Wave Media has made substantial strides in its Bitcoin acquisition plans. The company recently secured $500 million in financing from Anson Funds, with the majority of this capital allocated for purchasing Bitcoin. This move is part of a broader strategy to build a substantial Bitcoin treasury, aiming to acquire 10,000 BTC in total. The company's CEO, Ted Kim, has been vocal about this strategic shift, emphasizing the potential of Bitcoin as a store of value and a hedge against inflation.

In addition to the recent $500 million financing, K Wave Media had previously secured another $500 million, bringing the total capital capacity for its Bitcoin strategy to $1 billion. This significant financial backing underscores the company's commitment to integrating Bitcoin into its treasury management. The convertible bond agreement with Anson Funds further solidifies this strategy, providing the necessary funds to execute the Bitcoin acquisition plan.

Despite the initial drop in shares following the announcement of the convertible note agreement, the market has since responded positively to K Wave Media's Bitcoin strategy. The company's shares have been trading higher, reflecting investor confidence in the long-term benefits of holding Bitcoin as part of the corporate treasury. This strategic move positions K Wave Media at the forefront of companies embracing digital assets, potentially setting a new standard for corporate treasury management in the digital age.