business

K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot

Decrypt · May 4, 2026, 9:15 PM · Also reported by 1 other source

K Wave Media is shifting $485 million in funding from its Bitcoin treasury strategy towards an AI infrastructure play.

Read full story on Decrypt → More top stories

Also covered by

Yahoo Finance French Chipmaker Sequans Dumps Half Its Bitcoin as Treasury Hype Meets Reality

Aggregated and edited by the Scoop newsroom. We surface news from Decrypt alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot

Also covered by

More in business