CIMG Inc. completed the sale of 220 million shares of its common stock at $0.25 per share for gross proceeds of $55,000,000 in exchange for 500 Bitcoin.
The company's Board of Directors highlighted the strategic Bitcoin holding approach as part of its financial management.
Chairwoman and CEO Wang Jianshuang expressed the company's vision to pioneer Bitcoin financial applications and collaborate across AI and crypto ecosystems.
Strategic Bitcoin Holding
Company disclosed the intention to build a robust Bitcoin reserve strategy for long-term value foundation.
Bitcoin Integration
CIMG seeks to integrate with the innovative blockchain ecosystem and explore Bitcoin financial opportunities.
Future Plans
Emphasis on increasing digital asset reserves and pursuing collaborations in AI and crypto, including Merlin Chain.
- CIMG's strategy to hold Bitcoin showcases a forward-thinking financial approach amidst the growing recognition of cryptocurrency.
- The company's focus on digital asset reserves and collaborations positions it to capitalize on emerging technologies and ecosystems.
CIMG Inc.'s strategic sale and Bitcoin acquisition signal a proactive stance in embracing digital assets and innovative financial applications. The company's future collaborations in AI and crypto demonstrate a commitment to advancing technology integration and growth.