₿ **K Wave Media scraps massive bitcoin treasury plan to redirect $485 million to AI**

The Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.

🔗 https://www.coindesk.com/markets/2026/05/05/nasdaq-firm-scraps-massive-bitcoin-treasury-plan-to-redirect-usd485-million-to-ai

#crypto #news