Nasdaq issues another delisting notice to Bitcoin treasury company K Wave Media

PANews reported on January 24 that, according to Globenewswire, Nasdaq has once again issued a delisting notice to K Wave Media, a K-Pop media company that has adopted a Bitcoin treasury strategy. This time, the company's market capitalization has not met Nasdaq's minimum market capitalization (MVLS) requirement. Nasdaq requires the company to maintain a market capitalization of $50 million or more for 10 consecutive trading days by June 2026, otherwise it will be unable to continue listing on the Nasdaq Global Market.

Previously, it was reported that K Wave Media received $1 billion in capital to advance its Bitcoin vault strategy. This year, due to its stock price remaining below $1 for 30 consecutive trading days, it received a delisting notice from Nasdaq, requiring the company to raise its stock price to above $1 by July 6, 2026, and maintain this level for 10 consecutive trading days to avoid delisting.