According to Cointelegraph, South Korean entertainment company K Wave Media has entered into a securities purchase agreement valued at up to $500 million to support its Bitcoin-centric crypto treasury strategy. The firm announced on June 4 that it has reached a deal with Bitcoin Strategic Reserve KWM for the sale of ordinary shares, aiming to raise funds for its Bitcoin treasury. This move is part of K Wave Media's broader strategy to integrate Bitcoin into its core operations, emphasizing decentralization, agility, and future-oriented value creation, as stated by Ted Kim, co-interim CEO of the company. K Wave Media has expressed ambitions to become the "Metaplanet of Korea," a vision that has significantly boosted its stock value following the adoption of a Bitcoin-focused strategy inspired by business intelligence company Strategy, formerly known as MicroStrategy
source: https://www.binance.com/en/square/post/25168101767282?utm_source=BinanceNewsRSS