Episode Details

K Wave Media, once chasing a massive bitcoin treasury, is pivoting after selling its last coins and filing for a $250 million raise—marking the official end of its crypto experiment. Once aiming for 10,000 BTC, it now faces a battered stock price, Nasdaq warnings, and is eyeing a reverse split to stay listed. Like many miners, it’s betting big on AI instead, chasing stability over speculation—but success in the crowded AI race is far from guaranteed.

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