K Wave Media Ltd. Secures $500 Million in Convertible Note Agreement with Anson Funds to Boost Bitcoin Treasury Strategy

Reuters
07-10
<a href="https://laohu8.com/S/KWM">K Wave Media Ltd</a>. Secures $500 Million in Convertible Note Agreement with Anson Funds to Boost Bitcoin Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>

K Wave Media Ltd. (NASDAQ: KWM) has announced a significant financial move by securing a $500 million convertible note agreement with Anson Funds. This strategic initiative aims to bolster the company's Bitcoin treasury model, with a minimum of 80% of the net proceeds directed towards purchasing Bitcoin. The first tranche involves the issuance of $15 million in senior secured convertible notes and warrants to Anson Investments Master Fund, LP, and Anson East Master Fund LP. K Wave Media is set to leverage this financing to pursue one of the most ambitious corporate Bitcoin accumulation strategies globally, with a target of amassing 10,000 Bitcoin. This agreement is part of a larger $1 billion capital capacity plan, which includes a $500 million Standby Equity Purchase Agreement with Bitcoin Strategic Reserve. The company has already initiated its Bitcoin acquisition with the purchase of 88 BTC, a figure symbolizing fortune and success in Asian culture.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. K Wave Media Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9492210-en) on July 10, 2025, and is solely responsible for the information contained therein.

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