KWM is trading at $0.16 (6.5%) up today as the market reacts to a strategic pivot toward AI infrastructure and a total exit from its Bitcoin holdings.
- K Wave Media recently sold its remaining 88 BTC position to repay approximately $6 million in debt, facilitating a significant balance sheet cleanup.
- The company has formally transitioned its core business model away from cryptocurrency to focus on AI infrastructure development.
- Shares are seeing a relief rally in pre-market trading following recent weakness and pressure regarding Nasdaq minimum bid-price compliance.