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- 13:05K Wave Media and Anson Funds Reach $500 Million Convertible Bond Agreement to Increase BTC HoldingsOdaily Planet Daily reported that K Wave Media (NASDAQ: KWM) has announced the signing of a $500 million convertible note agreement with Anson Funds. The initial tranche will involve the issuance of $15 million in senior secured convertible notes and warrants, with at least 80% of the net proceeds to be used for purchasing Bitcoin. In addition, K Wave Media has completed its first acquisition of 88 Bitcoins and plans to expand its holdings to 10,000 Bitcoins. The first round of financing will be conducted through a securities purchase agreement, issuing and selling a total of $15 million in senior secured convertible notes and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP. (GlobeNewswire)
- 13:03US-listed company K Wave Media secures $1 billion in funding to advance Bitcoin strategy, has acquired 88 BitcoinsAccording to ChainCatcher, as reported by GlobeNewswire, K Wave Media (NASDAQ: KWM) announced today that it has signed a $500 million convertible note agreement with Anson Funds. Combined with the previously established $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, this brings the company’s total capital capacity to $1 billion. The company has completed its initial purchase of 88 bitcoins and plans to allocate at least 80% of the net proceeds from financing to bitcoin acquisitions, aiming to rapidly expand its holdings to 10,000 bitcoins.
- 12:58An address linked to Cumberland withdraws 25,000 ETH from an exchangeOdaily Planet Daily reported, according to monitoring by Lookonchain, an address associated with Cumberland withdrew 25,000 ETH, worth $69.56 million, from an exchange. Over the past three days, this wallet has withdrawn a total of 55,383 ETH, valued at $148 million, from the exchange.