Bitcoin treasury company K Wave Media has received up to $485 million in funding to transform its AI infrastructure business

According to GlobeNewswire, Nasdaq-listed btc-42">Bitcoin treasury company K Wave Media announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support for building an AI infrastructure platform, focusing on data center investments, GPU computing power leasing, and mergers and collaborations in key AI infrastructure.

In addition, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to the original shareholders, a transaction expected to reduce debt by approximately $48 million, which still requires shareholder approval at the annual meeting in July 2026.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.