CIMG Inc. Raises $55 Million to Expand Bitcoin Treasury

Digital health and sales development company CIMG Inc. has raised $55 million in a share sale to strengthen its crypto reserves, becoming the latest firm this week to expand into Bitcoin. The company announced Tuesday that it issued 220 million common shares in exchange for 500 BTC as part of its broader financial management strategy. Commitment to Long-Term BTC Holdings CIMG said the shares were sold at $0.25 each, and the acquired BTC is currently valued at $55.5 million, according to CoinMarketCap. The company’s board further explained that the purchase is part of a long-term Bitcoin holding plan aimed at creating a stable foundation of value for investors. Chairman and CEO Wang Jianshuang noted that CIMG’s digital asset strategy would not be confined solely to Bitcoin. “The Company intends to continue to increase its digital asset reserves and pursue collaborations across AI and crypto ecosystems, such as Merlin Chain,” he said. Despite the move, CIMG’s stock closed Tuesday’s trading session on the Nasdaq at $0.25, down 3.53% for the day, according to Google Finance. Still, executives see Bitcoin reserves as a way to strengthen the company’s financial positioning while aligning with the growing trend of corporate BTC adoption. Broader Momentum Among Bitcoin Treasury Firms CIMG’s announcement comes amid significant activity from other major corporate Bitcoin holders. MicroStrategy recently acquired 4,048 BTC for $449.3 million between August 25 and September 2. The purchase was made at an average price of $110,981 per BTC, funded through proceeds from four at-the-market equity offerings. MicroStrategy remains the world’s largest public BTC holder, with a total of 636,505 BTC. Meanwhile, Japanese firm Metaplanet also advanced its Bitcoin strategy after securing shareholder approval to restructure its capital base, enabling billions in potential fundraising for future BTC purchases. Metaplanet has already accumulated 20,000 BTC , ranking it as the sixth-largest public Bitcoin treasury, according to BitcoinTreasuries.NET. The post CIMG Inc. Raises $55 Million to Expand Bitcoin Treasury appeared first on TheCoinrise.com .