K-Pop Firm’s Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot

In brief K Wave Media’s board approved a strategic transformation to reposition the company as an AI infrastructure-focused entity. The Nasdaq-listed company secured access to $485 million in funding from Anson Funds, which was previously committed to its Bitcoin treasury strategy. Shareholders will vote on a potential rebrand to Talivar Technologies at the company’s annual…

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