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CryptoWorld News reports that the board of K Wave Media, listed on NASDAQ, has approved a strategic transformation, planning to exit the traditional Korean entertainment business and shift towards AI infrastructure. The company will reallocate the remaining $485 million financing limit from Anson Funds, originally used for Bitcoin treasury strategies, to data centers, computing power, and key AI technology deployment. Meanwhile, K Wave has approved the sale of its wholly owned subsidiary Play Co., Ltd. back to the original owner to offload $48 million in debt from its balance sheet. As a result, K Wave's stock price plummeted nearly 25% on Monday, closing at $0.307.