K Wave Media, Inc. (Nasdaq: KWM) has announced a significant financial move by entering into a convertible note agreement with Anson Funds, securing up to $500 million in financing. This innovative step marks K Wave Media as the first Nasdaq-listed company to integrate Korean cultural content with a Bitcoin-focused corporate treasury model. As part of the agreement, a minimum of 80% of the net proceeds will be allocated towards purchasing Bitcoin. The initial 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. This initiative is further supported by a previously announced $500 million Standby Equity Purchase Agreement with Bitcoin Strategic Reserve, enhancing the company's total capital capacity for its treasury strategy to $1 billion. D. Boral Capital LLC acted as the exclusive placement agent for the offering, with Duane Morris LLP and Sichenzia Ross Ference Carmel LLP providing legal counsel to the Company and D. Boral Capital LLC, respectively.