K Wave Media, a South Korean publicly traded company, has sold its remaining 88 Bitcoin holdings to raise approximately $6 million for debt repayment, according to BitcoinTreasuries.NET. The sale brings the firm's Bitcoin position to zero, marking a complete exit from cryptocurrency exposure amid financial restructuring.
K Wave Media Liquidates Bitcoin to Repay Debt
According to BitcoinTreasuries.NET, South Korean listed company K Wave Media has sold its remaining 88 Bitcoin, raising approximately $6 million to repay corporate debt. Following this transaction, the company's Bitcoin holdings have dropped to zero. This move underscores the trend of corporate Bitcoin liquidation under financial pressure in South Korea's volatile crypto market.
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