Okay Wave Media, a Nasdaq-listed media and leisure firm, mentioned it’s redirecting as much as $485 million in remaining financing capability from a Bitcoin treasury technique into a man-made intelligence infrastructure buildout, in response to a Monday 6-Okay submitting with the US Securities and Trade Fee (SEC).
The capital shall be deployed into information facilities, graphics processing unit (GPU) compute operations and associated AI infrastructure investments beneath an amended securities buy settlement with Anson Funds, the structured fairness financing counterparty to the corporate.
The modification revises a previous $500 million fairness buy facility, which had been structured to assist a Bitcoin treasury technique, leaving $485 million out there for deployment into AI infrastructure initiatives, in response to the submitting. The Bitcoin treasury was beforehand introduced in 2025 as a part of the corporate’s broader capital markets repositioning.
The corporate mentioned the shift types a part of a broader restructuring that additionally contains the deliberate disposition of its wholly owned subsidiary Play Co., Ltd. and the anticipated elimination of roughly $48 million in debt and associated contingent liabilities.
The transfer marks a pointy strategic reversal for Okay Wave Media, which had solely positioned itself round a Bitcoin treasury technique in June 2025, alongside earlier initiatives tied to Korean cultural mental property and tokenized securities ideas.
Okay Wave share value down ~28% pre-market. Supply: Yahoo! Finance
The corporate’s share value has been unstable following the announcement and was down 28.25% on the time of writing since Friday’s shut, from ~$0.406 per share to ~$0.294, in response to Yahoo Finance information.
Board approves shift towards AI infrastructure technique
Okay Wave Media mentioned within the submitting that its board has authorised a strategic repositioning towards AI infrastructure, together with investments in information facilities, GPU compute and acquisitions throughout the AI worth chain.
In a press release included within the submitting, chief government officer Ted Kim mentioned the corporate goals to turn into “a significant participant within the quickly rising AI infrastructure sector,” citing plans to construct a scalable platform throughout compute and associated applied sciences.
The corporate additionally mentioned it’s evaluating a possible company rebrand, together with the identify “Talivar Applied sciences,” topic to shareholder approval at its annual assembly scheduled for early July 2026. The restructuring, together with the subsidiary disposal and debt discount, is meant to considerably de-leverage the corporate’s stability sheet.
Cointelegraph reached out to Okay Wave Media for remark, however had not acquired a response by publication.
