
Phyrex|Jul 10, 2025 14:42
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.
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