Uber Once Again Says It’s Considering Crypto Years After Mulling BTC Payments
Korea’s K Wave Media Soars 155% on $500M Bitcoin Treasury Plan
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James Van Straten
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By James Van Straten, AI Boost|Edited by Stephen Alpher
Jun 4, 2025, 12:59 p.m.
- South Korea’s K Wave Media is the latest entrant in the corporate bitcoin treasury strategy movement.
- The firm is selling $500 million in common stock to fund purchases.
- Shares are higher by 155% on the news.
K Wave Media Inc.(KWM), the first Korean media alliance listed on Nasdaq, has announced plans to raise up to $500 million in stock sales to fund bitcoin purchases.
“K Wave is looking to be the ‘Metaplanet of Korea,” said the company in a translated statement. “The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe.”
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K Wave said it intends to use the capital not only to acquire and hold bitcoin long-term, but also to operate Lightning Network nodes and invest in bitcoin-native infrastructure for yield optimization and decentralized transaction rewards.
KWM is higher by 155% in premarket trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
