Wu Blockchain (@WuBlockchain): South Korean DAT Firm Exits Bitcoin After Once Touting 10,000-BTC Target
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South Korean DAT Firm Exits Bitcoin After Once Touting 10,000-BTC Target K Wave Media, a Nasdaq-listed Korean media and entertainment company, has sold its remaining 88 BTC to repay USD 6 million in debt, reducing its Bitcoin holdings to zero and exiting the Bitcoin treasury trade. The company last year said it had up to USD 1 billion in Bitcoin treasury financing capacity and aimed to expand its holdings to 10,000 BTC as soon as possible.