NASDAQ listed company K Wave Media KWM has raised $1 billion for its Bitcoin treasury strategy and plans to expand its holdings to 10000 BTC. On Thursday, Anson Funds announced that it will provide up to $500 million in financing under its convertible note agreement. The company stated that the first round of financing will be the sale of $15 million in senior secured convertible notes and warrants to Anson Investments Master Fund and Anson East Master Fund. K Wave Media stated that at least 80% of the net proceeds from the sale of notes and warrants will be used to purchase Bitcoin. K Wave Media stated that its agreement with Anson Funds brings the total capital capacity of its treasury program to $1 billion, and has previously announced a $500 million standby equity purchase agreement with Bitcoin Strategic Reserve.