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K Wave Media (Nasdaq: KWM) has announced a strategic partnership with Galaxy Digital (Nasdaq: GLXY), securing access to nearly $1 billion in institutional capital to advance its Bitcoin treasury strategy. Galaxy Digital will serve as an Asset Manager and Strategic Advisor while making a direct investment in KWM.
KWM has already acquired 88 Bitcoin and plans to aggressively scale its reserves. Galaxy will provide guidance on Bitcoin treasury purchases, risk management, custody frameworks, and institutional-grade financial infrastructure alignment. The partnership aims to create a new public company blueprint combining Korean media influence, digital-native financial infrastructure, and Web3 innovation.
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.
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