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K Wave Media sells all 88 Bitcoin to cover $6 million debt, ending its treasury experiment
Jul 2, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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On July 2, BitcoinTreasuries.NET reported that Nasdaq-listed K Wave Media (KWM) sold its entire 88 BTC treasury to pay down roughly $6 million of debt, leaving the company with no cryptocurrency holdings. The forced sell-off underscores corporate deleveraging and liquidity risk in crypto treasuries and could exert short-term selling pressure on Bitcoin while highlighting balance-sheet stress among public firms.
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According to data published by BitcoinTreasuries.NET on July 2, K Wave Media (KWM), a South Korean company listed on the Nasdaq under the ticker symbol KWM, has sold off its entire Bitcoin holdings of 88 BTC to pay down approximately $6 million in debt, thus leaving K Wave Media with nothing else in cryptocurrency. This...
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In This News
Coins
$ 64.71K
+0.15%$ 0.00187
Predictions Markets
See what traders are focused on
Share: