K Wave Media abandons its Bitcoin treasury strategy modeled after MicroStrategy, redirecting $485M toward AI infrastructure as shares drop 25%.

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…

K Wave Media abandons its Bitcoin treasury strategy modeled after MicroStrategy, redirecting $485M toward AI infrastructure as shares drop 25%.