K Wave Media Stock Explodes 155% After Declaring $500M Bitcoin Treasury Pivot
In a dramatic shift that echoes Japan’s Metaplanet strategy, South Korea’s K Wave Media Inc. stunned markets by unveiling a plan to raise $500 million and move heavily into bitcoin.
The newly Nasdaq-listed media company announced it will issue common stock to fund BTC purchases, establish Lightning Network nodes, and build infrastructure to tap into native bitcoin yield mechanisms. The move positions K Wave as the first major Korean media entity to directly integrate a bitcoin treasury model into its corporate framework.
Declaring its intention to become “the Metaplanet of Korea,” K Wave Media aims to align its long-term capital base with bitcoin, signaling a bold departure from traditional treasury management.
Investors responded swiftly to the news, sending shares soaring 155% in pre-market trading as the company leaned into a crypto-native identity amid accelerating institutional interest in digital assets.
