The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000 bitcoin. A recent filing confirms its balance is now zero as it pivots to AI infrastructure and fights to stay listed. K Wave Media filed a shelf registration with the SEC to potentially raise up to $250 million in securities, even though its small public float limits how much it can actually sell at any given time. The company has fully exited its high-profile bitcoin treasury plan, liquidating all of it…
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