CIMG Inc. Plans $55M Bitcoin Purchase with Share Issuance
The post CIMG Inc. Plans $55M Bitcoin Purchase with Share Issuance appeared on BitcoinEthereumNews.com.
Key Points: CIMG Inc. to issue 220 million shares, raising $55 million for Bitcoin. Transaction set to finalize early September. Nine non-U.S. investors involved exclusively in the strategic purchase. CIMG Inc., a Nasdaq-listed digital health firm, plans to issue 220 million shares to non-U.S. investors, raising $55 million to purchase 500 Bitcoin by early September. This move positions CIMG as a significant corporate player in Bitcoin holdings, potentially impacting market sentiment and highlighting cryptocurrency’s role in corporate treasury strategies. CIMG’s $55M Bitcoin Move: Share Issuance to Transform Treasury CIMG Inc. has confirmed its plan to issue 220 million shares of common stock to nine non-U.S. investors. The funds raised will amount to $55 million, allocated exclusively for the purchase of 500 bitcoins, estimated at an average of $110,000 per BTC. This transaction is anticipated to conclude by early September, aligning with a larger trend of corporate entities increasing cryptocurrency holdings. Market analysts suggest that CIMG’s move could impact BTC price trends, considering the substantial volume involved. Corporate Bitcoin investments often generate heightened interest in crypto markets, with potential short-term volatility anticipated post-purchase. No public statements have been made regarding the Bitcoin acquisition transaction as of August 28, 2025. – CIMG Inc. Executive Leadership Potential Market Impact as CIMG Eyes Bitcoin Acquisition Did you know? MicroStrategy’s similar bitcoin accumulation strategy at lower prices catalyzed a surge in corporate interest, embedding Bitcoin into mainstream financial strategies. As per CoinMarketCap, Bitcoin’s price stands at $111,688.96, with a market cap of $2.22 trillion and a dominance level of 57.49%. Over the last 30 days, Bitcoin experienced a 5.22% decrease, although it saw a 0.42% increase in the past 24 hours. The circulating supply reached 19,912,509 BTC, edging closer to the maximum supply of 21 million. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 02:04 UTC…
Filed under: News - @ August 28, 2025 4:20 am