BlockBeats News, July 2nd, according to BitcoinTreasuries, the South Korean public company K Wave Media (KWM) has sold all of its remaining 88 BTC to repay a $6 million debt. After the sale, K Wave Media's current Bitcoin holdings have decreased to 0 BTC, exiting the Bitcoin treasury company list.

Last year, K Wave Media announced that its Bitcoin treasury financing capacity had reached $1 billion, with the goal of quickly expanding its holdings to 10,000 BTC. However, in May of this year, the company redirected up to $485 million of its remaining financing capacity from the Bitcoin treasury to AI infrastructure, including data centers, GPU power, and related acquisitions.