₿$70,783.79▼ 2.91%
K Wave Media Ltd.
KWM🇰🇾Leveraged
K Wave Media is a Cayman Islands-based entertainment company combining Korean pop culture content production with a Bitcoin-focused corporate treasury strategy. The company acquired its initial 88 BTC using proceeds from the first tranche of a $500M convertible note facility with Anson Funds, supplemented by a $500M standby equity purchase agreement with Bitcoin Strategic Reserve.
BTC Holdings
88 BTC
Insufficient history
Stock Price
$0.45
180d
Total financing
19.04M USD
Insufficient history
mNAV
5.61x
180d
Leverage
305.7%
180d
BTC Credit
>9,999 bps0.3x
Sats/Share
113
180d
Mkt capFD
34.92M USD
SharesFD
77.59M
Total reserve
6.23M USD
Dilution
5.9%
Coverage
63.9 yr
BTC mix
83%
Analytics
BTC Coverage
Financials
IFRSSemi-AnnualAs of 2025-06-30
Balance Sheet
Total Assets236.6B KRW
Total Liabilities103B KRW
Stockholders' Equity133.6B KRW
Cash & Equivalents8.7B KRW▲107.7%
Total Debt16.5B KRW
Digital Assets—
Income Statement
Revenue30.6B KRW▲61.2%
Operating Income-36.3B KRW▼11591.1%
Net Income-40.2B KRW▼11129.2%
Interest Expense4.4B KRW▲386.2%
Cash Flow
Operating Cash Flow-4.7B KRW▼53.2%
Instruments
KWM-Jul27
Jul '25 – Jul '27
Coupon
0%
Principal
15.79M USD
Outstanding
15.79M USD
Conv. price
4.40 USD
BTC Rating
0.4x
KWM-PIPE1
Jun '24 – Jun '27
Coupon
3%
Principal
3.75M USD
Outstanding
2.25M USD
Conv. price
4.00 USD
BTC Rating
0.3x
KWM-PIPE2
May '25 – May '28
Coupon
3%
Principal
4.40M USD
Outstanding
1.00M USD
Conv. price
5.00 USD
BTC Rating
0.3x
Total
19.04M USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| KWM-Jul27 | Jul '25 – Jul '27 | 0% | 15.79M USD | 15.79M USD | 4.40 USD | 0.4x |
| KWM-PIPE1 | Jun '24 – Jun '27 | 3% | 3.75M USD | 2.25M USD | 4.00 USD | 0.3x |
| KWM-PIPE2 | May '25 – May '28 | 3% | 4.40M USD | 1.00M USD | 5.00 USD | 0.3x |
| Total | 19.04M USD | |||||
Recent Changes
Thu, Feb 19, 2026
Shares Outstanding
59.9M→73.2M+13.3M(+22.3%)
Shares issued and outstanding per F-1 registration statement
Form F-1 (registration of warrant/resale shares)