K Wave Media abandons Bitcoin treasury push for AI infrastructure
K Wave Media abandoned its $485 million Bitcoin treasury strategy, redirecting funds toward AI infrastructure investments including data centers and GPU computing. The Nasdaq-listed company's share price plummeted 28% on the announcement. The shift includes debt reduction and a potential corporate rebrand to Talivar Technologies, marking a dramatic strategic reversal from its Bitcoin positioning announced just months earlier.
Coins in this story
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI
Hut 8 refinanced its $200 million bitcoin-backed credit facility with FalconX, cutting interest rates from 9% to 7% and freeing up 3,300 BTC ($260 million) in collateral. The move reflects miners shifting toward AI infrastructure while reducing debt costs. Similar refinancing trends among competitors like Riot signal growing lender confidence in crypto firms pivoting away from volatile mining revenues.
Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000
The market is starting to price in potential winners as stablecoin yield compromise opens path for passing key U.S. digital asset regulation, one analyst said....
Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7
Tetra Trust's new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems....