CIMG Inc. announced the execution of a Securities Purchase Agreement to sell $55 million of its common stock in exchange for 500 Bitcoin from non-U.S. investors.
This move enhances the company's digital asset reserves and aligns with its dual-pillar strategy focusing on cryptocurrency reserves and wellness industries.
The transaction, priced at $0.25 per share or $110,000 per Bitcoin, is expected to settle in early September.
Strategic Transformation
Receiving payment in Bitcoin signifies CIMG's commitment to innovation in digital asset management.
Investment Strategy
The Board of Directors sees Bitcoin investment as an opportunity to diversify revenue sources amid macroeconomic uncertainty.
Blockchain Innovation
This strategic initiative positions CIMG at the forefront of blockchain and digital asset innovation.
- Investing in Bitcoin represents a bold move towards embracing new technologies and expanding strategic capabilities.
- The sale of common stock for Bitcoin reflects a proactive approach in a rapidly evolving global economy.
CIMG's strategic sale of common stock for Bitcoin not only strengthens its digital asset reserves but also positions the company as a forward-thinker in the digital economy.