K Wave Media set to raise $500 million for Bitcoin treasury amid Standard Chartered's warning

Bitcoin (BTC) trades under $105,000 on Wednesday amid K Wave Media's plan to raise $500 million via a securities purchase agreement to build a Bitcoin treasury, a move that mimics Metaplanet's model. source: https://www.fxstreet.com/cryptocurrencies/news/k-wave-media-set-to-raise-500-million-for-bitcoin-treasury-amid-standard-chartereds-warning-202506042114