South Korean DAT Firm K Wave Media Exits Bitcoin After Earlier 10,000-BTC Goal

K Wave Media has liquidated its last 88 Bitcoin to settle $6 million in outstanding debt, leaving the Nasdaq-listed South Korean media company with no Bitcoin on its balance sheet and bringing its digital asset treasury strategy to a close.

The sale represents a significant change in direction from the company's previous cryptocurrency plans. In 2025, K Wave Media said it had access to as much as $1 billion in funding for Bitcoin acquisitions and set a goal of building a treasury of 10,000 BTC.

The exit comes with Bitcoin changing hands at $62,037, placing the flagship cryptocurrency roughly 51% below its record peak of $126,080, reached on Oct. 6, 2025.

Source: K Wave Media (SEC Filing)