K Wave Media Shifts $485M from Bitcoin to AI

K Wave Media is pivoting hard, yanking $485 million from its Bitcoin treasury strategy and dumping it into an AI infrastructure play. Shares cratered nearly 25% on Monday after the announcement, as investors bail on the crypto bet.

This echoes the playbook of firms like MicroStrategy, which loaded up on BTC as a treasury asset over the past year, only to face volatility whiplash. Market reactions to similar pivots from crypto holdings to AI investments have been brutal lately, with stocks tanking as traders question the timing amid hype around TAO and AI-driven plays.

Zooming into the BTC 4h chart, price action screams bullish conviction at $80797.41, grinding above the EMA50 support at $78349.98 and well clear of the EMA200 floor at $75039.17. MACD flashes a golden cross with 809.17 momentum, but RSI at 65.94 stays neutral—watch for confluence as it hugs the upper Bollinger band at $81180.85. If volatility exhausts here, expect a tactical pullback to that EMA50 level before bulls reload for the next leg up, especially with lower support at $77289.35 holding firm in this crypto market crash recovery phase.