Korean media exits Bitcoin – a warning?
A Nasdaq-listed Korean media company just sold its last 88 BTC, completely reversing its ambitious 10,000 BTC treasury plan. Makes me wonder about the real institutional appetite for crypto.
So one of the more vocal crypto treasury advocates just threw in the towel completely. K Wave Media sold their remaining 88 BTC to repay debt, going from a flashy 10,000 BTC ambition to zero in a few months. That's quite the flip.
Does this signal something about the broader market sentiment for corporate Bitcoin holdings, or is it just one company's financial distress? Interesting timing with BTC hovering around these levels. 🤔

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