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K Wave Media sells all Bitcoin to repay $6M debt, shifts focus to AI infrastructure.

Market News
02 Jul 2026
Crypto news
View Source
Bearish
pluang ai news

K Wave Media has sold its entire Bitcoin holdings, totaling 88 BTC, to repay $6 million in debt. This marks a reversal from its previous plan to rapidly expand Bitcoin reserves to 10,000 BTC. The company is now shifting its strategic focus from Bitcoin to investments in AI infrastructure such as data centers and GPU clusters. This pivot comes amid Nasdaq compliance challenges and broader pressures on firms holding Bitcoin treasuries.

More News

TomTom and Transit Technologies team up to boost real-time routing for US and Central American transit fleets

TomTom and Transit Technologies team up to boost real-time routing for US and Central American transit fleets

TomTom and Transit Technologies have formed a strategic partnership to integrate TomTom Orbis Maps and Live Traffic data into Transit Technologies’ fleet and logistics software. This integration enhances real-time routing intelligence for transit, pa...

Market News
Bullish
42 minutes ago
Mohawk Industries schedules Q2 2026 earnings call for July 31, with CEO succession announced.

Mohawk Industries schedules Q2 2026 earnings call for July 31, with CEO succession announced.

Mohawk Industries will release its Q2 2026 financial results on July 30, followed by a live earnings call on July 31 at 11:00 a.m. ET. Investors can join via the company website or phone. Additionally, Mohawk announced a CEO succession plan: Paul De ...

Company Fundamentals
Neutral
1 hour ago
Forward Industries boosts Solana treasury by 500k SOL, growing SOL per share 36% annually in Q3 2026

Forward Industries boosts Solana treasury by 500k SOL, growing SOL per share 36% annually in Q3 2026

Forward Industries expanded its Solana holdings by purchasing over 500,000 SOL in fiscal Q3 2026, raising its treasury to 7.55 million SOL. This increased the SOL per fully diluted share by 36% annually, despite earlier losses due to price fluctuatio...

Protocol Fundamentals
Bullish
4 hours ago
Solana's active addresses hit 4.7M, signaling strong network activity and a potential price breakout above $75.

Solana's active addresses hit 4.7M, signaling strong network activity and a potential price breakout above $75.

Solana's active addresses surged to 4.7 million in the past week, indicating increased user engagement on its network. This rise, combined with growing token accumulation by long-term holders and a favorable Price-to-Sales ratio of around 2, suggests...

Protocol Fundamentals
Bullish
4 hours ago
Bitcoin ETFs see $296M outflow while Grayscale Mini Trust gains $36M on July 1

Bitcoin ETFs see $296M outflow while Grayscale Mini Trust gains $36M on July 1

On July 1, Bitcoin spot ETFs experienced a significant outflow of nearly $296 million, reflecting ongoing volatility in crypto investment products. However, the Grayscale Bitcoin Mini Trust, known for its low 0.15% fee, attracted $36.3 million in inf...

Market News
Neutral
4 hours ago
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