K Wave Media is a K-Pop media company that adopts a Bitcoin treasury strategy. Due to its stock price remaining below $1 for 30 consecutive trading days, the company received a non-compliance notice from NASDAQ in early January. According to the requirements, the stock price must be raised above $1 by July 6, 2026, and maintain a stable performance for 10 consecutive trading days, otherwise facing the risk of delisting. This case also reflects that while Bitcoin allocation strategies can bring asset appreciation potential to companies, poor stock performance still requires attention to exchange compliance pressures. For listed companies adopting similar strategies, stock price management and compliant operations are equally important.