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South Korean media firm to raise $500M for Bitcoin treasury

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
In a move emulating Japan's Metaplanet, K Wave Media signed a $500 million securities deal to support its Bitcoin-focused corporate treasury strategy.
K-Wave Media, a South Korean entertainment company, has announced plans to invest up to $500 million in Bitcoin, aiming to diversify its portfolio and tap into the growing cryptocurrency market. This move follows a similar strategy by Japanese investment firm Metaplanet, which recently increased its Bitcoin holdings to 203.745 BTC, valued at approximately $14.7 million. Metaplanet's decision to bolster its Bitcoin reserves is part of a broader strategy to hedge against inflation and currency devaluation, reflecting a growing trend among companies to include cryptocurrencies in their investment portfolios.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/k-wave-media-bitcoin-500m-metaplanet-strategy ]