From Cointelegraph

June 4, 2025 10:25 am:

South Korean entertainment company, K Wave Media, secured a $500 million securities purchase agreement to fund a Bitcoin-centric crypto treasury strategy. The company aims to become the “Metaplanet of Korea” and saw its stock rise by 162% on Nasdaq, trading at $5.04. Proceeds will support Bitcoin-centric digital asset treasury strategy and acquisitions in the content and K-POP industries. K Wave Media plans to allocate a significant portion of the proceeds to purchasing, holding, and optimizing Bitcoin. They will also operate Bitcoin Lightning Network nodes and invest in infrastructure to facilitate on-chain transaction rewards and decentralization. The company joins a growing list of public firms embracing Bitcoin as a corporate reserve asset, following the trend set by MicroStrategy in 2020.

Read more at Cointelegraph: Korean firm raises $500M for crypto Treasury: stock 143% up