The American company CIMG, which specializes in implementing digital solutions in the healthcare sector, announced the raising of $55 million through the issuance of common stock. The funds will be used to establish the company’s Bitcoin reserve, which will consist of 500 BTC and will serve as the foundation of the corporate treasury.
This is reported by Finway
CIMG’s Strategy and Plans for Cryptocurrency Assets
As part of the capital raising, CIMG issued 220 million common shares at a price of $0.25 per unit. According to official documents, the main investors were “certain non-American counterparties.” The Board of Directors emphasized that the company is focused on long-term Bitcoin storage and plans to actively expand its cryptocurrency reserve, as well as participate in the development of the blockchain ecosystem.
Initiatives and Market Reaction
CIMG Inc. CEO Wan Jianxuan reported on potential collaboration with the Merlin Chain project and emphasized the integration of traditional business into the blockchain sector:
“The growth and recognition of Bitcoin have opened up opportunities for traditional enterprises to organically integrate into the innovative blockchain ecosystem. We strive to be pioneers of a new era of Bitcoin financial applications and to become one of the companies engaged in Bitcoin-based finance.”
Following the announcement of the Bitcoin reserve creation, CIMG shares, traded on Nasdaq under the ticker IMG, demonstrated a 5.3% increase during pre-market trading.
CIMG has joined the ranks of corporations implementing a cryptocurrency-based reserve creation model, following the practices of companies like Strategy and Metaplanet. In particular, Metaplanet intends to increase its own portfolio to 210,000 BTC by 2027.