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. K Wave Media (KWM) is redirecting up to $485 million from a planned bitcoin treasury strategy into AI infrastructure, including data centers, GPU compute and acquisitions, under an amended deal with Anson Funds. The pivot, which reverses a 2025 plan to use a $500 million facility to buy BTC, triggered a sharp market backlash, with K Wave shares falli…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.