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

CoinDesk
Shaurya Malwa @ CoinDesk · today 09:00 EDT

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.

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