K Wave Media aims to raise up to $500 million through stock sales to bolster its Bitcoin acquisition strategy, reflecting a growing trend in corporate crypto investments.
K Wave Media Inc. plans to raise up to $500 million through stock sales to finance Bitcoin acquisitions and M&A activities. The announcement led to a 132.39% surge in the company's stock price. The firm aims to hold Bitcoin long-term, inspired by strategies from firms like MicroStrategy and Japan's Metaplanet.