ChainCatcher news, according to businessinsider, the first Korean media alliance on Nasdaq, K Wave Media Inc. (Nasdaq code: KWM), announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company will issue up to $500 million in common stock through this mechanism.The proceeds from this financing will be used to support the company's Bitcoin-centric digital asset reserve strategy, working capital, and merger and acquisition activities, further expanding its content production and K-POP related businesses. Under this strategic framework, K Wave will allocate most of the financing proceeds for long-term holding and yield optimization of Bitcoin (BTC) under specific restrictions—making it one of the first publicly traded media companies globally to incorporate BTC directly into core capital management. Additionally, the company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and earn on-chain transaction rewards.Officials stated that K Wave aims to become the "Korean version of Metaplanet"—referencing the case of Japan's Metaplanet, which became the best-performing stock globally after adopting a Bitcoin reserve strategy in 2024 and continued to lead in 2025. K Wave believes that this innovative model combining public market financing with Bitcoin reserves will resonate with investors in Asia and around the world.