Bitcoin Wave Rising from South Korea: Is a New MicroStrategy Born?

K Wave Media Inc., the first Korean media company to be listed on Nasdaq, announced today that it has signed a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, which includes a joint issuance of up to $500 million in common stock. The proceeds from this financing will be used to support the company’s Bitcoin (BTC)-focused digital asset reserve strategy, working capital, and M&A activities, as well as expanding its content production and K-POP businesses. As part of the strategic plan, K Wave will invest the majority of the funding raised for the purpose of long-term holding of Bitcoin under certain restrictions and optimization of returns. Thus, K Wave will become one of the first public media companies in the world to integrate BTC directly into its core fund management. Related News: BREAKING: Fed's Much-Anticipated Beige Book Report Has Been Released - Here Are the Details The company also plans to run Bitcoin Lightning Network nodes and invest in Bitcoin native infrastructure to both strengthen decentralization and gain on-chain transaction rewards. Officials stated that K Wave's goal is to become the Korean version of Japan-based Metaplanet, which became the world's highest-earning stock by adopting a BTC reserve strategy in 2024 and maintained its leadership in 2025. *This is not investment advice. Continue Reading: Bitcoin Wave Rising from South Korea: Is a New MicroStrategy Born?