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K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot
Yahoo Finance· 2026-05-05 05:15
Strategy Skips Bitcoin Buy as BTC Hits $80K for First Time Since January The capital access dwarfs K Wave's current size. With a market capitalization of about $21 million, the $485 million funding represents 23 times the company's current valuation. K Wave holds $18.83 million in total debt and operates with a current ratio of 0.29, indicating its short-term obligations exceed liquid assets. K Wave Media has scheduled its annual meeting for early July, where shareholders will vote on both the subsidiary di ...