India to benefit at the expense of China amid tariffs: Mark Mobius
Mark Mobius, Chairman of Mobius Emerging Opportunities Fund, shares his bullish view on India, Brazil, Vietnam and Taiwan in emerging markets, as well as Japanese trading houses in the long run.
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3 Japanese Car Brands Named the Least Reliable of 2025
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K-Pop Company Jumps On Bitcoin Treasury Train, Stock Surges 150%
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bitcoin Treasury Company train is showing no signs of slowing. The latest to jump on the bandwagon is an entertainment firm focused on producing K-pop music and related merchandising. K Wave Media (NASDAQ:KWM) said on Wednesday that it agreed to sell $500 million worth of ordinary shares to Bitcoin Strategic Reserve KWM, vowing to commit a significant portion of the proceeds to buy Bitcoin. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'K Wave is looking to be the 'Metaplanet of Korea,'' the firm said, referring to the Japanese hotel management company-turned-Bitcoin-treasury firm in 2024. Metaplanet's stock surged 2,600% within the year. K Wave Media said it expected a similar model to resonate with investors across Asia and the world. Indeed, the company's stock surged nearly 150% following its announcement of a Bitcoin treasury, opening at almost $5 on Wednesday after closing just below $2 on Tuesday. Beyond purchasing Bitcoin, K Wave Media intends to become deeply involved in the blockchain ecosystem, revealing plans to operate Bitcoin Lightning Network nodes and invest in native infrastructure, with the goal of enabling customers to engage with content and purchase merchandise on the blockchain. 'Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability," said Co-Interim CEO of K Wave Media Ted Kim. 'This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce [South] Korea's best content and help position KWM in the K POP's entire ecosystem by allowing it to expand to concert management and music distribution, among others.' Trending: New to crypto? on Coinbase. Standard Chartered recently estimated that approximately 61 public companies are adding Bitcoin to their balance sheets in hopes of becoming proxies for the leading digital asset. The bank warned that while the business model worked for now, as institutional access to Bitcoin remained limited in some regions, these companies are likely to lose their value as the asset became more normalized. At the same time, the bank warned that newer firms in the space faced a Bitcoin volatility risk. 'BTC volatility suggests that a move lower – below the average purchase prices for some Bitcoin treasuries – is probable in the nearer term,' Standard Chartered digital assets research chief Geoffrey Kendrick said. 'Indeed, at current average purchase prices for Bitcoin treasuries, it would only take a move back below USD 90,000 to put half the Bitcoin treasuries (by number of companies) underwater.' Standard Chartered warned that these firms may not have a large pain threshold. According to the bank, these firms could be forced to sell if Bitcoin were to slip 22% below their purchasing price. 'Bitcoin treasuries are adding to Bitcoin buying pressure for now, but we see a risk that this may reverse over time,' Kendrick said. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article K-Pop Company Jumps On Bitcoin Treasury Train, Stock Surges 150% originally appeared on
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KBRA Assigns Preliminary Ratings to WBHT 2025-WBM
NEW YORK, June 09, 2025--(BUSINESS WIRE)--KBRA announces the assignment of preliminary ratings to six classes of WBHT 2025-WBM, a CMBS single-borrower securitization. The collateral for the transaction is a $340.0 million non-recourse, first lien mortgage loan that is expected to be co-originated by Wells Fargo Bank, National Association and Goldman Sachs Bank USA. The floating rate loan is expected to have a two-year initial term with three 12-month extension options and require monthly interest-only payments. The mortgage loan will be secured by the borrower's leasehold interests in the Waikiki Beach Marriott located in Honolulu, Hawaii. The subject property features 1,307 keys, 10 food & beverage outlets, 24,572 sf of indoor meeting and ballroom space, 54,287 sf of retail space, two outdoor pools, a full-service spa, a fitness facility, game room, and a business center. The hotel was constructed between 1971 and 1979. Since 2017, the sponsor has invested approximately $118.4 million ($90,572 per key) on capital improvements at the property. The most recent comprehensive renovation was largely completed in 2022 when the sponsor spent $95.2 million ($72,863 per key) to renovate all guestrooms, the third floor terrace and pool deck as well as construct the Luana Lounge to cater to Japanese tour groups. For the TTM 3/2025 period, the subject property achieved an occupancy of 83.6% with an ADR of $262.96, resulting in a RevPAR of $219.87. As of the TTM 3/2025 period, the property achieved occupancy, ADR and RevPAR penetration rates of 98.0%, 102.6% and 100.5%, respectively. KBRA's analysis of the transaction included a detailed evaluation of the property's cash flows using our North American CMBS Property Evaluation Methodology, and the application of our North American CMBS Single Borrower & Large Loan Rating Methodology. In addition, KBRA also relied on its Global Structured Finance Counterparty Methodology for assessing counterparty risk in this transaction, and its ESG Global Rating Methodology, to the extent deemed applicable. The results of our analysis yielded a KBRA net cash flow (KNCF) for the subject of approximately $28.8 million, which is 22.3% below the issuer's NCF, and a KBRA value of approximately $288.4 million, which is 59.3% below the appraiser's as-is value. The resulting in-trust KBRA Loan to Value (KLTV) is 117.9%. In our analysis of the transaction, we also reviewed and considered third party engineering, environmental, and appraisal reports, the results of our site inspection of the property, and legal documentation review. To access ratings and relevant documents, click here. Click here to view the report. Methodologies CMBS: North American CMBS Property Evaluation Methodology CMBS: North American CMBS Single Borrower & Large Loan Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009834 View source version on Contacts Analytical Contacts Laura Wolinsky, Senior Director (Lead Analyst)+1 Michael Brown, Managing Director+1 Nitin Bhasin, Senior Managing Director, Global Head of CMBS (Rating Committee Chair)+1 Business Development Contact Daniel Stallone, Managing Director+1 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
