Korean media K Wave Media announced the establishment of a Bitcoin reserve: plans to purchase 500 million USD BTC, KWM stock price skyrocketed by 135%.

Korean media company K Wave Media made a major announcement yesterday (4) announcing that it had signed a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC yesterday, allowing the company to sell up to $500 million of its common shares. At the same time, the company announced that the funds will be used to buy bitcoin, aspiring to become the "Metaplanet of Korea". (Synopsis: Micro Strategy Adds Bitcoin to "Issue 250 Million Magnesium Preferred Shares", Michael Saylor: Buy BTC is an explosive trend) (Background supplement: Metaplanet threw another 117 million magnesium to buy bitcoin, with a total position of 8,888, becoming the world's top ten corporate holders) Korean media company K Wave Media ( stock code: KWM) made a major announcement yesterday (4) announcing that it had signed a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC yesterday, allowing the company to sell up to $500 million of common shares. The company emphasized that the financing will be used to support the company's digital asset reserve strategy centered on Bitcoin (BTC), while providing working capital and M&A activities to further expand its content creation and K-POP-related businesses, and open a new chapter in the integration of digital media and decentralized finance. Following the "Japanese micro-strategy" and building South Korea's bitcoin reserve pioneer K Wave Media made it clear in the announcement that it would follow the successful model of Japan's Metaplanet and aspire to become "Korea's Metaplanet". The company noted that Metaplanet became the world's best-performing stock in 2024 due to its Bitcoin reserve strategy and will continue to be among the best in 2025, with a return of more than 4,000%. Specifically, K Wave's strategy includes: Acquiring and holding Bitcoin as a major corporate reserve asset and strengthening the balance sheet. Reinvest Bitcoin proceeds to purchase additional Bitcoin and build Bitcoin-native infrastructure to deepen engagement with the Bitcoin ecosystem. Promote the Web3 consumer experience, allowing consumers to use Bitcoin to purchase K Wave content and K-POP merchandise in the Web3 environment, and investors can use KWM-approved cryptocurrencies (including Bitcoin) to invest in top Korean movies and K-POP projects. In addition, the company plans to operate Bitcoin Lightning Network nodes, invest in Bitcoin's native infrastructure, enhance decentralization, and facilitate on-chain transaction rewards. Choi Pyeungho, Chairman of KWM's Board of Directors, said: "K Wave Media's bold adoption of Bitcoin as an asset store is a visionary move that demonstrates the increasing convergence of digital media and decentralized finance. We are proud to support K Wave's mission to lead Web3 integration in the content space and believe this strategy will create strong and long-term value for shareholders." Meanwhile, Ted Kim, Co-Interim CEO of K Wave Media, further added: "At K Wave, we are reimagining the future of media, including our financial fundamentals. Bitcoin is not only a store of value, but also a foundation for innovation, independence and global expansion. By embedding Bitcoin into our core strategy, we reinforce our commitment to decentralization, flexibility, and future-proof value creation. This is a decisive step forward for K Wave and a key step for the future of creative finance, which will further assist KWM in producing the best Korean content and expand into concert management and music distribution in the K-POP ecosystem." KWM shares spewed 135% Encouraged by this news, according to Google Finance data, KWM shares quickly spewed up 135% after the opening yesterday (4) day, closing at $4.53, with a market value of about $287 million. What is K Wave Media and Metaplanet? Founded in 2023 and headquartered in the Cayman Islands, K Wave Media is the first Korean media alliance to be listed on NASDAQ. The company focuses on producing high-quality K-content, K-POP merchandise and K-Entertainment investments. Officially, K Wave is redefining the intersection of entertainment, technology and finance by creating an ecosystem of decentralized ownership and real-time creator monetization. Metaplanet, on the other hand, is a Japanese-listed company that made a name for itself in 2024 by adopting Bitcoin as its main reserve asset, returning more than 4,000% on stock, making it one of the best performing stocks in the world. Extended reading: Follow the microstrategy Japan's Metaplanet promises to buy 1 billion yen in bitcoin, and the stock price soars 89% Related reports Japan's microstrategy Metaplanet announced that its hotel changed its name to "Bitcoin Hotel" and invested in bitcoin, and the stock price soared 4,000% in a year Rely on bitcoin to come back to life! Japan's Metaplanet increased its position by 20 BTC, and the stock price soared 950% in three and a half months SharpLink Gaming plans to raise $425 million to buy ETH, and the stock price soared 800% in a single day (Korean media K Wave Media announced the establishment of bitcoin reserves: plan to buy $500 million BTC, KWM's stock price soared 135%" This article was first published in the dynamic area BlockTempo " The most influential blockchain news media.