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K Wave Media sells all Bitcoin holdings to repay $6M debt
K Wave Media sold all its Bitcoin for $64.2M and pivoted to AI infrastructure, sending shares down 24% after abandoning its crypto treasury strategy.
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coindesk.com
Nasdaq listed Korean Media firm that once wanted to buy 10,000 bitcoin sells all its BTC, pivots to AI
The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000 bitcoin. A recent filing confirms its balance is now zero as it pivots to AI…
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cryptobriefing.com
Nasdaq-listed K Wave Media dumps Bitcoin treasury strategy for AI after copying Saylor's playbook
K Wave Media abandons its Bitcoin treasury strategy modeled after MicroStrategy, redirecting $485M toward AI infrastructure as shares drop 25%.