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Bitcoin Treasury Company K Wave Media Acquires Majority Stake in Rabbit Walk to Enter Web3 Content Market

Summary: According to reports, the Bitcoin Treasury company K Wave Media, listed on NASDAQ, announced on X platform that it has acquired 55% stake in the artificial intelligence content studio Rabbit Walk by issuing common stock to raise 90 billion Korean won (approximately $6.5 million) and gained control over its management. After the transaction is completed, ...

According to reports, the Bitcoin Treasury company K Wave Media, listed on NASDAQ, announced on X platform that it has acquired 55% stake in the artificial intelligence content studio Rabbit Walk by issuing common stock to raise 90 billion Korean won (approximately $6.5 million) and gained control over its management. After the transaction is completed, K Wave Media will utilize its virtual production and generative AI technology to expand into the Web3 content market and advance the development of an IP tokenization platform.

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Link: Bitcoin Treasury Company K Wave Media Acquires Majority Stake in Rabbit Walk to Enter Web3 Content Market [Copy]

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