[Bitcoin Treasury Company K Wave Media Secures Up to $485 Million in Funding to Transform into AI Infrastructure Business] Golden Finance reports that Nasdaq-listed Bitcoin treasury company K Wave Media has announced a series of strategic transformation initiatives, including securing up to $485 million in capital to build an AI infrastructure platform. The focus will be on investments in data centers, GPU computing power leasing, and mergers and collaborations related to critical AI infrastructure. Additionally, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to its original shareholders. This transaction is expected to reduce approximately $48 million in debt and will require shareholder approval at the annual meeting in July 2026.