K Wave Media has redirected up to $485 million from its Bitcoin treasury strategy into artificial intelligence infrastructure.\u00a0<\/strong><\/p>\n \n Summary<\/span>\n <\/p>\n <\/p>\n The Nasdaq-listed media and entertainment company disclosed the change in a May 4 Form 6-K filing<\/a> with the U.S. Securities and Exchange Commission.<\/p>\n The capital will now support data center investments, GPU compute and rental operations, and possible acquisitions in AI infrastructure.\u00a0<\/p>\n <\/p>\n The funds come from an amended securities purchase agreement with Anson Funds, which had earlier backed the company\u2019s Bitcoin treasury plan.<\/p>\n The amended deal changes a prior $500 million equity purchase facility. That facility had been designed to support K Wave Media\u2019s Bitcoin treasury strategy, which the company announced in 2025 as part of a wider capital markets shift.<\/p>\n K Wave Media had earlier linked its plans to Korean cultural intellectual property, digital assets and tokenized securities. The latest filing moves the company\u2019s main funding plan away from Bitcoin and toward AI infrastructure, while keeping the focus on a new corporate structure.<\/p>\n Meanwhile, KWM shares fell after the announcement. Latest available market data showed the stock at $0.3071, down 24.75% from the previous close. The stock opened at $0.309, traded between $0.28 and $0.587, and recorded volume of more than 10.2 million shares.<\/p>\n The drop came as investors weighed the company\u2019s move from a Bitcoin treasury plan to an AI infrastructure strategy.\u00a0<\/p>\n K Wave Media said its board approved the planned sale of Play Co., Ltd., its largest wholly owned subsidiary, back to the unit\u2019s previous owner. The company expects the sale to remove about $48 million in debt and related contingent liabilities.<\/p>\n The company also said it may rebrand as \u201cTalivar Technologies,\u201d subject to shareholder approval. The vote is expected at its annual meeting in early July 2026. Chief executive Ted Kim said, \u201cThis marks a defining inflection point for KWM.\u201d<\/p>\n The reversal comes after several public firms adopted crypto treasury plans in 2025. crypto.news reported<\/a> in October that Asian companies including Top Win, Quantum Solutions and K Wave Media were raising capital to expand Bitcoin positions.<\/p>\n The move also fits a wider shift among crypto-linked firms toward AI infrastructure. crypto.news reported<\/a> that Bitcoin miner Hut 8 secured $150 million from Coatue in 2024 to build an AI infrastructure platform. K Wave Media is now trying a similar direction through data centers, GPU operations and AI-related acquisitions.<\/p>\n <\/p><\/div>\n\n
Bitcoin treasury plan loses priority<\/strong><\/h2>\n
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Restructuring targets debt reduction<\/strong><\/h2>\n
Crypto treasury trend faces new test<\/strong><\/h2>\n