South Korea's K Wave Media Sells Off 88 Bitcoins, End of the DAT Era South Korean Nasdaq-listed company K Wave Media has sold all 88 of its Bitcoins, officially reducing its holdings to zero. The proceeds were used to repay $6 million in debt. In July last year, the company made a high-profile announcement about securing up to $1 billion in funding, aiming to quickly establish a corporate reserve of 10,000 BTC, calling itself South Korea's version of a Bitcoin reserve company. According to the latest SEC filings, the company has suspended its Bitcoin reserve strategy and will shift its focus to AI infrastructure, including data centers, GPU computing power, and AI cloud platforms. As of July 1, its holdings have been updated to 0. From aggressive Bitcoin accumulation to a complete exit, it took less than a year for K Wave to become yet another typical case of the DAT model's decline.