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via CoinDesk · By CoinDesk Staff

Nasdaq firm scraps massive bitcoin treasury plan to redirect $485 million to AI

BTC

BTC/USDT

$80,000.00

+0.27%

$80,000.00

+0.27%

(24s)

24h Volume

$7,229,675,632.53

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.3%

Long: 53.3%Short: 46.7%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,932.00

▲ 0.13%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,932.00

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

CoinDesk Staff

(01:00 PM UTC)

1 min read

Updated byEmily Watson

0 comments

The Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.

Bitcoin miners are turning to AI infrastructure to ramp up revenues, and some treasury firms are joining in on the rotation too.

K Wave Media (KWM), a Nasdaq-listed Korean media and entertainment firm, told the U.S. Securities and Exchange Commission on…

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CoinDesk Staff · CoinDesk

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