Corporate Bitcoin Treasuries : Some Exit, Others Double Down

K Wave Media sold its remaining 88 bitcoin on July 1, repaying roughly $6 million in debt and bringing its BTC reserves to zero. The company filed with the SEC to redirect up to $485 million of its remaining financing capacity away from bitcoin and into AI infrastructure — data centers, GPU compute, and related acquisitions, CryptoTimes reports.

At the same time, the shareholder vote on Bitcoin Standard Treasury's merger with Cantor Equity Partners I has been postponed for the third time, now set for July 10. If the deal closes, BSTR will debut on Nasdaq holding 30,021 BTC on its balance sheet: 25,000 coins from founders including Adam Back and Blockstream Capital, with the remaining 5,021 BTC arriving via a direct in-kind Bitcoin PIPE, The Cryptonomist reports.

The overall picture is mixed: some companies keep announcing bigger bitcoin treasuries for 2026, 99Bitcoins notes, but a growing number of smaller, newer entrants are exiting the position entirely — the "bitcoin on the balance sheet" trend is facing its first serious stress test since it went mainstream.

This article is for informational purposes only and does not constitute investment advice.