South Korean Listed Company K Wave Media Plans to Issue Up to $500 Million in Common Stock to Establish Bitcoin Strategic Reserve

According to a report by businessinsider, Nasdaq's first Korean media alliance, K Wave Media Inc. (Nasdaq: KWM), announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company will issue up to $500 million in common stock through this mechanism.

The proceeds from this financing will be used to support the company's Bitcoin-centric digital asset reserve strategy, working capital, and mergers and acquisitions activities, further expanding its content production and K-POP-related business. Under this strategic framework, K Wave will, under certain restrictions, allocate most of the financing proceeds for the long-term holding and yield optimization of Bitcoin (BTC)—making it one of the first publicly listed media companies globally to directly incorporate BTC into its core fund management. Additionally, the company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and obtain on-chain transaction rewards.

Officially, K Wave aims to become the "Korean version of Metaplanet"—referring to the case of Japan's Metaplanet company, which became the world's best-performing stock after adopting a Bitcoin reserve strategy in 2024, continuing to lead in 2025. K Wave believes that this innovative model combining public market financing and Bitcoin reserves will resonate with investors in Asia and globally.