US-based CIMG Inc. announced that it has raised $55 million to purchase 500 Bitcoin.
Listed on Nasdaq, the company financed this investment by selling 220 million shares at $0.25 each. In its statement, CIMG emphasized its long-term Bitcoin holding strategy, aiming to establish a solid value foundation for investors.
CIMG Chairman and CEO Wang Jianshuang stated that the firm will continue to expand its digital asset reserves. He also highlighted plans to collaborate with AI and crypto ecosystems, naming Merlin Chain as a potential partner.
This move aligns with the broader trend of corporations adopting crypto treasury strategies, following the path popularized by Michael Saylor’s approach. Meanwhile, CIMG’s shares fell 3.53% on Tuesday, closing at $0.2543, giving the company a market capitalization of around $9.3 million.
