CIMG Inc. raised $55 million by issuing 220 million shares at $0.25 to acquire 500 Bitcoin, expanding its Bitcoin treasury as part of a long-term digital asset reserve strategy. This move follows other large public buyers increasing BTC holdings.
CIMG issued 220 million shares for 500 BTC
CIMG paid ~25 cents per share; the 500 BTC equals roughly $55.51 million (CoinMarketCap valuation at publication).
CIMG joins other public holders including Strategy and Metaplanet in expanding Bitcoin treasuries; public-treasury data from BitcoinTreasuries.NET.
Meta description: CIMG Bitcoin purchase: CIMG issued shares to buy 500 BTC, expanding its Bitcoin treasury—learn how the deal works and what it means for shareholders. Read more.
What is CIMG’s Bitcoin purchase and why does it matter?
CIMG Bitcoin purchase refers to CIMG Inc. issuing 220 million common shares at $0.25 each to acquire 500 Bitcoin as part of a long-term Bitcoin treasury strategy. The transaction expands the company’s digital asset reserves and aligns it with other major public Bitcoin holders.
How did CIMG acquire 500 Bitcoin?
CIMG executed a share sale, issuing 220 million shares valued at $55 million to obtain 500 BTC. The company stated the purchase is part of its financial management strategy and plans to continue increasing digital asset reserves while exploring AI and crypto collaborations, including Merlin Chain.
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CIMG Inc. has raised $55 million in a share sale to expand its holdings by 500 Bitcoin, as Strategy and Metaplanet earmarked more crypto buys.
Digital health and sales development firm CIMG Inc. raised $55 million through a share issuance to expand its crypto treasury, becoming the latest public company to raise capital for Bitcoin purchases this week.
CIMG issued 220 million common shares in exchange for 500 Bitcoin (BTC) to increase its reserve holdings. The board described the action as part of a broader financial management strategy to build shareholder value via digital asset allocation.
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Source: https://en.coinotag.com/cimg-raises-55m-to-add-500-bitcoin-as-strategy-and-metaplanet-may-pursue-further-btc-buys/