CIMG Inc. sells shares for $55 million in exchange for 500 Bitcoins, plans to build long-term reserves
Source: Odaily
Time: 2025-09-03 08:53:08
Odaily Planet Daily News CIMG Inc. (Nasdaq: IMG), a commercial group focused on digital health and sales development, announced the completion of the sale of 220 million shares of common stock, raising $55 million in exchange for 500 Bitcoins to build long-term reserves. Wang Jianshuang, CEO of the company, said that the growth of Bitcoin reveals opportunities for traditional enterprises to integrate with blockchain. In the future, CIMG plans to continue to increase its holdings in digital assets and cooperate with AI and crypto ecosystems such as Merlin Chain. (prnewswire)