Core Insights - K Wave Media Inc. (NASDAQ: KWM) has announced a convertible bond agreement with Anson Funds, providing up to $500 million in financing, with at least 80% of net proceeds allocated for Bitcoin (BTC) purchases [1][4] - The company has completed its first purchase of 88 Bitcoins, symbolizing wealth and success in Asian culture, demonstrating its commitment to Bitcoin as a long-term investment [2] - K Wave Media aims to build a reserve of 10,000 Bitcoins while leveraging its existing Korean cultural content business to engage global fans through Bitcoin [2][7] Financing Details - The initial transaction involves the issuance of $15 million in senior secured convertible notes and warrants to Anson Investments Master Fund LP and Anson East Master Fund LP [1][4] - The total financing amount from this issuance can reach up to $500 million, contingent upon meeting additional closing conditions [4] - The notes will mature on July 3, 2027, and will not accrue interest under normal circumstances, but will incur a 12% annual interest rate in case of default [5] Conversion and Warrants - Holders of the notes can convert their principal and accrued interest into common stock at an initial conversion price of $4.40 per share [6] - The warrants grant holders the right to purchase up to 143,739,293 shares of common stock at an initial exercise price of $3.6616 per share, valid for five years from the issuance date [6] Company Overview - K Wave Media is pioneering a Bitcoin-based corporate treasury management model while expanding its business through the global influence of Korean entertainment [7] - The company is focused on strategic allocation of Bitcoin, original content, and consumer brand assets to redefine the value paradigm of culture-driven, investor-aligned public companies [7] Partner Overview - Anson Funds is a private alternative investment firm with experience in supporting transformative digital asset platforms and is an active institutional investor in the Bitcoin ecosystem [8]

"AI and blockchain are converging around one critical need: verifiable data. Space and Time is built to solve this problem, bringing verifiability, transparency, and auditability to the data and compute that will drive the next generation of intelligent and decentralized applications," said the Space and Time Foundation. Grayscale Space and Time Trust provides investors with exposure to SXT, the native token of the Space and Time network, which plays a critical role in securing the network through staking a ...

HANGZHOU, China, June 11, 2025 /PRNewswire/ -- JZXN Holdings, Inc. (NASDAQ: JZXN; the "Company") announced that its board of directors has approved the issuance of convertible notes for fundraising. The funds will be exclusively used for Bitcoin strategic reserves, and upon receipt, 23.5 Bitcoins will be purchased as the initiation of the "Thousand Coins Plan" announced on May 22, 2025. The investors and investment conditions have been finalized, with the acquisition set to be completed shortly. This move s ...

Core Insights - NewGen is expanding its digital asset portfolio by investing US$30 million in staking Solana, demonstrating a commitment to blockchain technology [1][2][3] - The investment will be financed through existing credit facilities totaling US$126 million [1] - This move follows an initial US$1 million investment in Bitcoin made in December 2024, indicating management's confidence in blockchain assets [3][4] Company Strategy - NewGen plans to establish a dedicated subsidiary focused on digital asset operations and investments, enhancing operational focus and strategic flexibility [3] - The investment in Solana is seen as a natural evolution of the company's digital asset strategy, reflecting a growing conviction in digital assets as a legitimate asset class [4] - The company aims to leverage Solana's high-speed transaction capabilities and staking rewards to create value for shareholders [2][4] Industry Context - Solana is recognized as a leading blockchain platform with a growing ecosystem of decentralized applications, which aligns with NewGen's strategic positioning [2] - The staking mechanism of Solana allows token holders to earn rewards while supporting network security and decentralization, presenting significant growth potential [2]

BOCA RATON, FL, May 12, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 172,670 Solana (“SOL”) at an average purchase price of $136.81 and valued at approximately $23.6 million. This marks the Company’s 10th Solana purchase under its digital asset treasury strategy and the largest purchase to date. Following the transaction, DeFi Development Corp. now holds a total of 595,988 SOL, valued at approximately $102.7 million, inclusive of staking rewa ...

BOCA RATON, FL, May 08, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 20,473 Solana (“SOL”) valued at approximately $2.97 million. This marks the Company’s ninth Solana purchase under its digital asset treasury strategy. Following the transaction, DeFi Development Corp. now holds a total of 420,690 SOL, valued at approximately $61.9 million, inclusive of staking rewards. Below is a summary of DeFi Dev Corp’s current SOL position and key per-sh ...

Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Friday, 30 May 2025 at 14:00 BST in the form of a hybrid virtual event at 2 Hill Street, St Helier, Jersey, JE2 4UA. The entire Annual General Meeting will be broadcast live online (audio and video) via Wavecast.io and will be open for all shareholders who are entered in the Company’s stock register on the record day of the Annual General Meeting. The exercise of shareholder rights, ...