K Wave Media Inc.(KWM), the archetypal Korean media confederation listed connected Nasdaq, has announced plans to rise up to $500 cardinal successful banal income to money bitcoin purchases.
"K Wave is looking to beryllium the 'Metaplanet of Korea," said the institution successful a translated statement. "The Company believes a akin exemplary — combining nationalist marketplace entree with a focused Bitcoin treasury inaugural — volition resonate with investors crossed Asia and the globe."
K Wave said it intends to usage the superior not lone to get and clasp bitcoin long-term, but besides to run Lightning Network nodes and put successful bitcoin-native infrastructure for output optimization and decentralized transaction rewards.
KWM is higher by 155% successful premarket trading.