K wave media inc. Declare A 500 million dollar transfer memo agreement with Anson Shonds to support the Bitcoin Treasury strategy. This funding follows the $ 500 million reserve shares agreement with the Bitcoin Strategic Reserve, which amounts to the company’s total capital capacity to one billion dollars.
As part of the ANSON Agreement, K Wave will issue $ 15 million in major notes and convertible notes guaranteed in the first tranche. Under the terms of the deal, at least 80 % of the net revenue for bitcoin will be used. K wave confirmed that she had already got 88 BTC.
“We believe this financing structure puts us in implementing one of the most ambitious bitcoin accumulation strategies in the world,” said Ted Kim, CEO of K Wave Media. “Our goal is clear: to expand our property about 10,000 Bitcoin as soon as possible while maintaining the strong investor alignment and full transparency in treasury reports.”
The company also expects the Korean content work to benefit from the strategy. Kim added: “We actively explore innovative ways for international fans to interact with them, consume them and even invest in our excellent films and drama using Bitcoin.”
“We are excited to partnership with K Wave and the impressive management team as it was implemented on both the K-CONTCON and Bitcoin opportunities,” said Amin Nato, CEO of Anson Funds.
The agreement allows a possible issuance up to $ 500 million in convertible notes and cars, with a transfer pricing at $ 4.40 per share. Orders orders that can be exercised at $ 3.6616, valid for five years. The notes ripen in July 2027 and only make interest in the event of the payment of payment.
D. Braal Capital LLC was the exclusive recruitment agent for offers.
K wave media is the first company listed on the Nasdaq Stock Exchange that combines Korean cultural content and the Bitcoin model for the Treasury, with the aim of creating new forms of participation.
The post K Wave Media Raises $1 Billion For Bitcoin Treasury first appeared on Investorempires.com.
