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K Wave Media (KWM) announced a strategic partnership and investment from Galaxy Digital (GLXY) to support its bitcoin treasury operations. Galaxy Digital will serve as asset manager and strategic advisor to the Korean cultural innovation company.
The partnership provides K Wave Media access to institutional capital as it expands its bitcoin holdings. The company recently acquired 88 bitcoin and has access to nearly $1 billion in institutional capital for strategic initiatives, according to the press release.
"Galaxy shares our belief that Bitcoin is not just a reserve asset, but a generational monetary shift," said Ted Kim, CEO of K Wave Media. "Their support reflects growing global confidence in our strategy and in Korea’s role as a key market for digital transformation."
Galaxy Digital will provide guidance on structuring bitcoin treasury purchases, risk management and custody frameworks, and alignment with institutional financial infrastructure. Steve Kurz, Global Head of Asset Management at Galaxy, said the company is "excited to support KWM with institutional-grade asset management and strategic guidance."
K Wave Media describes itself as combining Korean cultural influence with bitcoin treasury strategy. The company targets Korean retail investors, U.S. institutions, and global cryptocurrency markets.
The partnership represents K Wave Media’s strategy to position itself as a bitcoin-focused public company. The company stated it is exploring additional partnerships and acquisitions to expand its treasury position.