K Wave Media Abandons $485 Million Bitcoin Reserve Plan, Shifts Focus to AI Infrastructure

According to CoinDesk, K Wave Media (KWM), a South Korean media company listed on Nasdaq, disclosed to the U.S. Securities and Exchange Commission (SEC) that it would redirect its $485 million financing facility—originally earmarked for Bitcoin purchases—toward investments in AI infrastructure, including data centers, GPU compute operations, and related acquisitions. The funding stems from a revised agreement with Anson Funds, a structured equity financing firm. The company had originally established a $500 million financing facility in June 2025, exclusively for Bitcoin purchases. Less than one year later, it announced abandoning this strategy in favor of betting on the AI sector and plans to rename itself “Talivar Technologies,” pending approval at its shareholders’ meeting scheduled for early July. Following the announcement, KWM’s stock closed down 24% on Monday and fell another 4% pre-market on Tuesday.