Korean Nasdaq Firm Dumps Bitcoin Holdings Entirely, Pivots to AI Infrastructure

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A Nasdaq-listed Korean media company has completely exited its Bitcoin holdings, with a recent regulatory filing confirming its crypto balance stands at zero. The firm had previously attempted to replicate MicroStrategy's Bitcoin acquisition strategy, securing $1 billion in financing to purchase 10,000 Bitcoin. The company has now shifted its strategic focus toward AI infrastructure instead. The pivot comes as the firm also battles to maintain its Nasdaq listing, signaling broader financial difficulties.

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