Nasdaq-listed CIMG Inc. has completed a $55 million capital raise to strengthen its Bitcoin reserves. The funds were secured through the sale of 220 million shares of common stock at $0.25 each, enabling the company to purchase 500 BTC.
In a statement, the board emphasized its long-term Bitcoin holding strategy aimed at building a solid value foundation for investors. Chairman and CEO Wang Jianshuang added that CIMG plans to further expand its digital asset reserves and collaborate with AI and crypto ecosystems, highlighting Merlin Chain as a potential partner.
The move reflects a broader corporate trend inspired by Michael Saylor’s strategy, as companies increasingly build crypto treasuries. While Bitcoin and Ethereum remain the primary holdings, some firms are also diversifying into assets like Solana, BNB, and XRP.
Despite the announcement, CIMG’s stock (IMG) closed down 3.53% at $0.2543 on Tuesday, giving the company a market capitalization of about $9.3 million.
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