A struggling Nasdaq-listed company that tried to copy Saylor's Bitcoin playbook is completely dumping crypto for AI
CoinDesk·
60-second summary
A struggling Nasdaq-listed Korean media company is completely dumping its crypto assets, revealing a zero balance after previously securing $1 billion in financing to buy 10,000 bitcoin. This drastic shift comes as the company pivots to AI infrastructure, a move that may help it avoid delisting from the Nasdaq. Market implications are uncertain.
The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000 bitcoin. A recent filing confirms its balance is now zero as it pivots to AI infrastructure and fights to stay listed.