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

Techub News reported that Nasdaq has once again issued a delisting notice to K-Pop media company K Wave Media, which adopted a Bitcoin treasury strategy. The notice indicates that the company failed to meet Nasdaq's minimum market value of listed securities (MVLS) requirement. Nasdaq requires the company to achieve and maintain a market value of at least $50 million for 10 consecutive trading days by June 2026, otherwise it will be unable to continue its listing on the Nasdaq Global Market.

Previously, K Wave Media received a $1 billion capital injection to advance its Bitcoin treasury strategy. However, it received a delisting notice from Nasdaq because its stock price remained below $1 for 30 consecutive trading days. The company was required to raise its stock price above $1 and maintain it for 10 consecutive trading days by July 6, 2026, to avoid delisting.