Nasdaq has once again issued a delisting notice to Bitcoin treasury company K Wave Media

Nasdaq has once again issued a delisting notice to K-Pop media company K Wave Media, which has adopted a Bitcoin treasury strategy. This time, the notice is due to the company's market capitalization not meeting Nasdaq's minimum value (MVLS) requirement. Nasdaq requires that the company's market capitalization must reach or exceed $50 million for 10 consecutive trading days before June 2026, or it will not be able to continue listing on the Nasdaq Global Market.

Previously, K Wave Media received a $1 billion capital boost to promote its Bitcoin treasury strategy. This year, due to its stock price being below $1 for 30 consecutive trading days, Nasdaq issued a delisting notice, requiring the company to raise its stock price above $1 and maintain it for 10 consecutive trading days before July 6, 2026, to avoid delisting.