K Wave Media Reverses Bitcoin Treasury Plan, Shifts to AI Infrastructure
- Strategic Shift: K Wave Media has scrapped its $500 million Bitcoin treasury plan, redirecting approximately $485 million towards AI data centers and GPU infrastructure, marking a significant strategic pivot that could reshape its market positioning.
- Stock Price Reaction: Following the announcement, K Wave's shares plummeted by 24%, indicating investor surprise and uncertainty regarding the new strategy, particularly whether AI data centers can offer the same investment appeal as a Bitcoin treasury.
- Rebranding Efforts: The company also revealed plans to rebrand as Talivar Technologies, pending shareholder approval at the annual meeting in July 2026, aiming to reshape its corporate identity and adapt to the new business direction, which may impact future investor confidence.
- Industry Trend: K Wave's pivot aligns with a broader trend among crypto companies, such as Hut 8's investment in AI infrastructure, highlighting a growing emphasis on AI within the crypto sector that could trigger wider capital allocation shifts and influence overall market investment strategies.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000393 | 0.0086 | 0.0152 | 0.0234 | 0.03 | 0.0382 | 0.0448 |
| Fibonacci | 0.0086 | 0.0143 | 0.0177 | 0.0234 | 0.0291 | 0.0325 | 0.0382 |
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