Nasdaq-listed sales development firm CIMG Inc. has completed a $55 million capital raise to support its new bitcoin treasury strategy, signaling a growing trend of corporations allocating reserves to digital assets.
The funds were secured through the sale of 220 million shares of common stock at $0.25 per share, according to a company announcement on Tuesday. Proceeds will be used to purchase 500 bitcoin, forming the foundation of CIMG’s long-term digital asset reserves.
CIMG Inc.
A Strategic Move Into Bitcoin
In a statement, the board of directors emphasized the company’s commitment to holding bitcoin as a long-term strategy:
“We are committed to a long-term Bitcoin holding strategy, building a robust Bitcoin reserve through a sound financial system to establish a solid value foundation for our investors,” the board said.
Chairman and CEO Wang Jianshuang added that CIMG intends to grow its digital asset holdings and pursue collaborations within the broader AI and crypto ecosystems, mentioning Merlin Chain as a potential partner.
Corporate Bitcoin Treasuries on the Rise
CIMG’s move mirrors the path pioneered by MicroStrategy, whose executive chairman Michael Saylor has become a leading advocate for corporate bitcoin reserves. While bitcoin and Ethereum dominate institutional holdings, some companies have begun diversifying into other assets such as Solana, BNB, and XRP.
Market Reaction
Despite the announcement, CIMG’s stock price fell 3.53% on Tuesday, closing at $0.2543, according to Yahoo Finance. The company currently holds a market capitalization of roughly $9.3 million.
