PANews June 4 news, according to Businessinsider, Nasdaq's first Korean media alliance K Wave Media Inc. (NASDAQ: KWM) announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, and the company will issue $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 mergers and acquisitions, and further expand its content production and K-POP-related businesses. According to this strategic framework, K Wave will use most of the proceeds from the financing for the long-term holding and yield optimization of Bitcoin under certain restrictions - making it one of the first listed media companies in the world to directly incorporate BTC into core fund management.