K Wave Media (NASDAQ: KWM) Secures $1 Billion Capital Capacity to Drive Bitcoin Treasury Strategy; Announces $500 M Convertible Note with Anson Funds
K Wave Media (NASDAQ: KWM) has secured a total of $1 billion in capital capacity to execute its Bitcoin treasury strategy through two major agreements: a $500 million convertible note agreement with Anson Funds and a previously announced $500 million Standby Equity Purchase Agreement (SEPA) with Bitcoin Strategic Reserve.
The first tranche includes $15 million in senior secured convertible notes and warrants issued to Anson Investments. The company has already acquired its initial 88 BTC and aims to scale its holdings to 10,000 Bitcoin. Under the agreement terms, KWM must allocate a minimum of 80% of net proceeds toward Bitcoin purchases.
The convertible notes mature on July 3, 2027, with an initial conversion price of $4.40 per share. The warrants allow holders to purchase up to 143,739,293 ordinary shares at an initial exercise price of $3.6616, expiring in five years.
K Wave Media (NASDAQ: KWM) ha ottenuto una capacità di capitale totale di 1 miliardo di dollari per attuare la sua strategia di tesoreria in Bitcoin attraverso due accordi principali: un accordo per un prestito convertibile da 500 milioni di dollari con Anson Funds e un Accordo di Acquisto Azionario Standby (SEPA) da 500 milioni di dollari precedentemente annunciato con Bitcoin Strategic Reserve.
La prima tranche include 15 milioni di dollari in prestiti convertibili senior garantiti e warrant emessi ad Anson Investments. La società ha già acquisito i primi 88 BTC e punta a incrementare le proprie partecipazioni fino a 10.000 Bitcoin. Secondo i termini dell'accordo, KWM deve destinare almeno l'80% dei proventi netti all'acquisto di Bitcoin.
I prestiti convertibili scadono il 3 luglio 2027, con un prezzo iniziale di conversione di 4,40 dollari per azione. I warrant consentono ai titolari di acquistare fino a 143.739.293 azioni ordinarie a un prezzo iniziale di esercizio di 3,6616 dollari, con scadenza in cinque anni.
K Wave Media (NASDAQ: KWM) ha asegurado una capacidad total de capital de 1.000 millones de dólares para ejecutar su estrategia de tesorería en Bitcoin mediante dos acuerdos principales: un acuerdo de nota convertible por 500 millones de dólares con Anson Funds y un Acuerdo de Compra de Acciones en Espera (SEPA) por 500 millones de dólares previamente anunciado con Bitcoin Strategic Reserve.
El primer tramo incluye 15 millones de dólares en notas convertibles senior garantizadas y warrants emitidos a Anson Investments. La compañía ya ha adquirido sus primeros 88 BTC y tiene como objetivo aumentar sus tenencias a 10.000 Bitcoin. Según los términos del acuerdo, KWM debe destinar un mínimo del 80% de los ingresos netos a la compra de Bitcoin.
Las notas convertibles vencen el 3 de julio de 2027, con un precio inicial de conversión de 4,40 dólares por acción. Los warrants permiten a los tenedores comprar hasta 143.739.293 acciones ordinarias a un precio inicial de ejercicio de 3,6616 dólares, con vencimiento en cinco años.
K Wave Media (NASDAQ: KWM)� � 가지 주요 계약� 통해 비트코인 재무 전략� 실행하기 위해 � 10� 달러� 자본 용량� 확보했습니다: Anson Funds와� 5� 달러 전환사채 계약� 이전� 발표� Bitcoin Strategic Reserve와� 5� 달러 스탠바이 주식 매입 계약(SEPA)입니�.
� 번째 분할은 Anson Investments� 발행� 1,500� 달러 규모� 선순� 담보 전환사채 � 워런�� 포함합니�. 회사� 이미 초기 88 BTC� 확보했으� 보유량을 10,000 비트코인으로 확대하는 것을 목표� 하고 있습니다. 계약 조건� 따라 KWM은 순수익의 최소 80%� 비트코인 구매� 할당해야 합니�.
전환사채 만기� 2027� 7� 3�이며, 초기 전환 가격은 주당 4.40달러입니�. 워런트는 보유자에� 초기 행사 가� 3.6616달러� 최대 143,739,293 보통�� 5� 내에 구매� � 있는 권리� 부여합니다.
K Wave Media (NASDAQ : KWM) a obtenu une capacité totale de capital de 1 milliard de dollars pour exécuter sa stratégie de trésorerie Bitcoin grâce à deux accords majeurs : un accord de billet convertible de 500 millions de dollars avec Anson Funds et un accord d'achat d'actions en attente (SEPA) de 500 millions de dollars précédemment annoncé avec Bitcoin Strategic Reserve.
La première tranche comprend 15 millions de dollars en billets convertibles garantis senior et bons de souscription émis à Anson Investments. La société a déjà acquis ses premiers 88 BTC et vise à augmenter ses avoirs à 10 000 Bitcoins. Selon les termes de l'accord, KWM doit allouer un minimum de 80 % des produits nets à l'achat de Bitcoin.
Les billets convertibles arrivent à échéance le 3 juillet 2027, avec un prix de conversion initial de 4,40 dollars par action. Les bons de souscription permettent aux détenteurs d'acheter jusqu'à 143 739 293 actions ordinaires à un prix d'exercice initial de 3,6616 dollars, expirant dans cinq ans.
K Wave Media (NASDAQ: KWM) hat eine Gesamtkapitalausstattung von 1 Milliarde US-Dollar gesichert, um seine Bitcoin-Treasury-Strategie über zwei bedeutende Vereinbarungen umzusetzen: eine 500-Millionen-Dollar-Wandelanleihe mit Anson Funds und eine zuvor angekündigte 500-Millionen-Dollar-Standby-Eigenkapital-Kaufvereinbarung (SEPA) mit Bitcoin Strategic Reserve.
Die erste Tranche umfasst 15 Millionen US-Dollar an vorrangigen besicherten Wandelanleihen und Warrants, die an Anson Investments ausgegeben wurden. Das Unternehmen hat bereits seine anfänglichen 88 BTC erworben und strebt an, seine Bestände auf 10.000 Bitcoin auszubauen. Gemäß den Vertragsbedingungen muss KWM mindestens 80 % der Nettoerlöse für Bitcoin-Käufe verwenden.
Die Wandelanleihen laufen am 3. Juli 2027 ab, mit einem anfänglichen Wandlungspreis von 4,40 US-Dollar pro Aktie. Die Warrants ermöglichen den Inhabern den Kauf von bis zu 143.739.293 Stammaktien zu einem anfänglichen Ausübungspreis von 3,6616 US-Dollar, die in fünf Jahren verfallen.
- Secured substantial $1 billion total capital capacity for Bitcoin treasury strategy
- Minimum 80% of net proceeds dedicated to Bitcoin purchases shows strong commitment
- Strategic partnership with established institutional investor Anson Funds
- Clear target of scaling to 10,000 Bitcoin demonstrates ambitious growth plans
- Flexible financing structure through convertible notes and warrants
- Potential significant dilution from convertible notes and warrants
- 12% interest rate penalty in case of default events
- High exposure to Bitcoin price volatility
- Substantial capital allocation to crypto assets versus core media business
Insights
K Wave Media secures $1B capital for Bitcoin treasury strategy; initial $15M secured with 80% allocated to BTC purchases.
K Wave Media has orchestrated a significant financial maneuver by securing
The structure of the initial
What's most striking is the company's commitment to allocate at least
The transaction demonstrates institutional interest in financing corporate Bitcoin acquisition strategies. For investors, this presents a hybrid investment opportunity - exposure to both the Korean entertainment industry and Bitcoin's potential appreciation. However, this strategy also introduces substantial cryptocurrency volatility to the company's balance sheet, which could significantly impact financial stability depending on Bitcoin's price movements.
NEW YORK and SEOUL, South Korea, July 10, 2025 (GLOBE NEWSWIRE) -- K Wave Media Inc. (Nasdaq: KWM) (“K Wave� or the “Company�), the first Nasdaq-listed public company to integrate Korean cultural content with a Bitcoin-focused corporate treasury model, today announced entering into a convertible note agreement with Anson Funds where Anson agreed to provide up to
This follows the previously announced
With execution underway, KWM has completed its initial acquisition of �88� BTC. �88�, widely regarded as a symbol of fortune and success in Asian culture, demonstrates firm conviction in Bitcoin as a superior long-term investment. The Company intends to scale its holdings of Bitcoin aggressively and transparently, aligning itself with the monetary principles of Bitcoin and the growing global movement of on-chain corporate reserves.
�We believe that this financing structure positions us to execute one of the most ambitious corporate Bitcoin accumulation strategies in the world,� said Ted Kim, CEO of K Wave Media. “Our objective is clear: to scale our holdings toward 10,000 Bitcoin as soon as possible while maintaining strong investor alignment and full transparency in treasury reporting. At the same time, our existing K-content businesses stand to benefit from this BTC-driven treasury strategy as we actively explore innovative ways for global fans to engage with, consume, and even invest in our premium movies and dramas using Bitcoin.�
Amin Nathoo, CEO of Anson, said, “We are excited to partner with K Wave and their impressive management team as they execute on both the K-content and Bitcoin treasury opportunities.�
KWM’s model combines capital markets sophistication with cultural resonance. By anchoring Bitcoin to a forward-looking media platform, the Company aims to create new pathways for investor participation and global engagement and be a leader in the Web3 economy.
D. Boral Capital LLC acted as the exclusive placement agent for the offering.
The securities in the offering were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act�), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws.
This press release is not an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Information About the Transaction with Anson Funds:
The Securities Purchase Agreement:
Pursuant to and subject to the terms and conditions of the Purchase Agreement, the Company plans to issue and sell to the Purchasers in a private placement,
The aggregate gross proceeds of the first tranche to the Company from the offering will be
The Notes:
The Notes mature, and all principal and any accrued interest on such Note will be payable on July 3, 2027. The Notes do not bear interest unless an Event of Default (as defined in the Notes) occurs, in which event the Notes will bear interest at a rate of
The principal and any accrued interest under the Notes are convertible into Ordinary Shares at any time by the holder thereof at an initial conversion price of
The Ordinary Shares issuable upon conversion of the Notes are expected to be registered for resale pursuant to the terms of a Registration Rights Agreement.
The Warrants:
The Warrants will provide the holders to purchase an aggregate of up to 143,739,293 Ordinary Shares at an initial exercise price of
The Ordinary Shares issuable upon exercise of the Warrants are expected to be registered for resale pursuant to the terms of a Registration Rights Agreement.
About K Wave Media (Nasdaq: KWM):
K Wave Media is pioneering a Bitcoin-backed corporate treasury model while leveraging the global influence of Korean entertainment. Through strategic capital allocation into Bitcoin, original content, and consumer brands, KWM is redefining what a culturally driven, investor-aligned public company can be.
About Anson Funds:
Anson Funds is a privately held alternative investment company based in Toronto and Dallas with a strong track record of backing transformative digital asset platforms. Anson is an active institutional investor in the Bitcoin ecosystem.
Forward Looking Statements:
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,� “may,� “will,� “estimate,� “continue,� “anticipate,� “intend,� “expect,� “should,� “would,� “plan,� “future,� “outlook,� and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions.
If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company does not presently know, or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s current expectations, plans and forecasts of future events and views as of the date hereof. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of the Company described in the Company’s Form 20-F initially filed with the SEC on May 14, 2025, as amended, including those under “Risk Factors� therein. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Media Contact:
Investor Relations
K Wave Media Inc.
Red Rooster PR
Evan Sneider
