K Wave Media abandons Bitcoin treasury push for AI infrastructure

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CoinDesk - All News 9 hours ago • coindesk.com

K Wave Media scraps massive bitcoin treasury plan to redirect $485 million to AI

The Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.

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Cointelegraph - News 1 day ago • cointelegraph.com

K Wave Media abandons Bitcoin treasury push for AI infrastructure

K Wave Media is redirecting up to $485 million from a Bitcoin treasury strategy into AI infrastructure, alongside debt reduction and restructuring, per a Form 6-K filing.

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