K Wave Media enters securities purchase agreement for $500M facility

K Wave Media (KWM) entered into a securities purchase agreement with Bitcoin (BTC) Strategic Reserve KWM, providing for the sale by the Company of up to $500M of ordinary shares. Proceeds from the facility will be used to support the Company’s Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards. K Wave is looking to be the “Metaplanet of Korea” – referencing Japan’s Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. 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. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM’s content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth. .