K Wave Media Completes Bitcoin Exit, Sells Final 88 BTC to Repay Debt

As of July 2, 2026, K Wave Media has finalized its full exit from Bitcoin after selling its remaining 88 BTC holdings. The Nasdaq-listed firm sold the crypto on May 6 for $64.2 million to repay $6 million in debt, ending a treasury strategy launched in July 2025 that once targeted 10,000 BTC with up to $1 billion in financing capacity. On May 4 the company pivoted up to $485 million toward AI infrastructure and announced plans to divest Play Co., triggering a 24% share drop and highlighting compliance pressures including Nasdaq minimum bid notices.