KWM Secures Major Financing for Bitcoin Purchases | KWM Stock News

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Jul 10, 2025

K Wave Media (KWM, Financial) has secured a convertible note agreement with Anson Funds, allowing for up to $500 million in financing. The deal specifies that at least 80% of the funds will be dedicated to acquiring Bitcoin (BTC). Initially, KWM will raise $15 million through senior secured convertible notes and warrants from Anson Investments Master Fund, LP, and Anson East Master Fund LP, as per the agreement terms.

This move follows KWM's earlier $500 million Standby Equity Purchase Agreement with BitcoinStrategic Reserve, expanding their capital capacity for treasury initiatives to $1 billion. KWM has already made its first investment, acquiring 88 BTC, a number considered auspicious in Asian culture, signifying their strong belief in Bitcoin's long-term potential. The company aims to expand its Bitcoin holdings significantly, aligning with Bitcoin's monetary principles and the growing trend of on-chain corporate reserves.

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