K Wave Media Soars 155% on $500M Bitcoin Treasury Strategy Inspired by Metaplanet
K Wave Media Inc. (KWM), the first Korean media consortium to list on Nasdaq, announced plans to raise up to $500 million through common stock sales to fund a large-scale bitcoin acquisition initiative.
The company stated it aims to become the “Metaplanet of Korea,” referencing Japan’s Metaplanet Inc., which recently gained attention for adopting a bitcoin-centric treasury strategy. K Wave believes that aligning public capital markets with long-term bitcoin holdings will resonate with both regional and global investors.
Proceeds from the raise will not only fund BTC purchases, but also support the company’s efforts to run Lightning Network nodes and develop bitcoin-native infrastructure. These efforts are aimed at optimizing on-chain yield and participating in decentralized transaction rewards.
Following the announcement, KWM shares surged 155% in pre-market trading, reflecting investor enthusiasm for the firm’s bold shift toward a bitcoin-integrated model.
