Nasdaq-Listed K-Wave Media Shifts Strategy from Bitcoin to AI Infrastructure
K Wave Media (NASDAQ: KWM) announced a strategic pivot from its Bitcoin treasury plan to focus on AI infrastructure, leading to an immediate 25% drop in stock price. The company redirected $485 million of funding originally earmarked for Bitcoin and sold its subsidiary Play Co., Ltd., eliminating $48 million in debt.
Tickers: $KWM
Topics: AI infrastructure capital reallocation K-pop industry exit M&A stock price movement