THE K Golf Media (Nasdaq: KWM), a South Korean entertainment company, released on Wednesday (4) the intention of the intention Buy US $ 500 million (R $ 2.8 billion) in Bitcoin.
Focused on K-pop (Korean pop music), the company is already used to these technologies, which have worked with NFTs, metaverse and virtual reality. That is why creating a Bitcoin strategic reserve looks like a natural movement.
Fund collection will be made by the sale of ordinary shares, a common strategy between companies focused on the accumulation of Bitcoin.
K Wave Media -Shares Folding value after purchasing announcement Bitcoin
Mentioned in Nasdaq, the actions of the K Golf Media They left on Tuesday (3) $ 1.93 at $ 6.44 at the opening of the market with the announcement of the purchase of Bitcoin, a leap from 233%.
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At the time of this newsroom, KWM is negotiated for $ 4.41 after a correction, so that the profit of more than 100% is maintained on the previous day.
Although many companies call Michael Saylor’s strategy as a reference, the statement indicates that K Wave Media is planning to become the ‘Korean metaplanet’.
“AK Wave tries to become” Korean Metaplanet ” – in reference to the Japanese metaplanet Inc., who became the best global action by 2024 and one of the leaders by 2025 after a Bitcoin strategy.”
“The company is of the opinion that a similar model – which combines access to the public market with an initiative aimed at Bitcoin reserves – will rely on investors in Asia and all over the world.”wrote to K Wave Media.
In the current price, $ 105,000 per BTC, the $ 500 million would be sufficient to buy more than 4,750 bitcoins.
For comparison, the Gamestop bought 4,710 Bitcoins last week And today it is one of the 15 public companies with the largest number of cash coins. Strategy leads the list of leisure time while retaining 580,250 BTC.
Finally, the entry from KWM shows how the popularization of this strategy is worldwide, which goes much further than the US. In Brazil, the highlight is Méliuz (B3: Cash3) this week The intention revealed to buy another $ 450 million from Bitcoin.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
