Bitcoin News
By Evie Vavasseur
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K Wave, Lixte, Alpha Compute: Three Pivots, Same Pain. K Wave Media announced in May that it would redirect $485 million away from Bitcoin and into data…
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Why the AI Bet Isn't an Easy Fix. The appeal of AI and data centers makes sense on paper.
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Not Everyone Is Running for the Exit. Larger digital asset treasury firms probably won't follow this trend.
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Digital asset treasury firms are bailing on Bitcoin. More than a dozen companies have pivoted toward artificial intelligence and data centers, and pretty much all of them are…
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The model that drove this whole sector was straightforward: buy crypto with public equity, debt, or private placements, then ride the premium between your share price and the…
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Toufic Adlouni, managing partner at Renno & Co, put it bluntly — most firms are either trying to pivot or facing decline.
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K Wave also sold its remaining 88 BTC to repay $6 million in debt. That's a long way from the original plan — the company had set a goal of accumulating 10,000 BTC. Gone.
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Lixte Biotechnology took a different angle. The company had originally entered the digital asset treasury space by picking up 10.
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AlphaTON Capital rebranded as Alpha Compute back in April 2026. The original strategy centered on Toncoin.
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Three companies, three different pivot stories, same rough outcome.
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More context: MiCA Pushes 300 Authorised Firms Into Europes Crypto Consolidation Race
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The appeal of AI and data centers makes sense on paper. Computing contracts, hosting deals, and power supply agreements can generate actual operating revenue — not just asset…
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But the transition isn't cheap. AI infrastructure means upfront spending on specialized chips, electricity contracts, and the kind of long-term customer deals that take months to…
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Lixte's push into mobile battery storage for data centers carries its own complications. Grid delays are real, and the market need is there, but the development timelines are long.
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K Wave's plan involves building a scalable AI platform, but the company hasn't shown yet whether that platform can attract investor interest the way a Bitcoin accumulation story…
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