K Wave Media secures $1B capital capacity to drive bitcoin treasury strategy

K Wave Media (KWM) announced entering into a convertible note agreement with Anson Funds where Anson agreed to provide up to $500M in financing under which KWM will allocate minimum 80% of the net proceeds toward purchase of BTC. The first tranche will be the issuance and sale of $15M in senior secured convertible notes and warrants to Anson Investments Master Fund, LP, and Anson East Master Fund LP pursuant to a securities purchase agreement. This follows the previously announced $500M Standby Equity Purchase Agreement with Bitcoin Strategic Reserve, bringing the Company’s total capital capacity for its treasury initiative to $1B. With execution underway, KWM has completed its initial acquisition of “88” BTC. “88”, widely regarded as a symbol of fortune and success in Asian culture, demonstrates firm conviction in Bitcoin as a superior long-term investment. The Company intends to scale its holdings of Bitcoin aggressively and transparently, aligning itself with the monetary principles of Bitcoin and the growing global movement of on-chain corporate reserves.