Digital Health and Sales Development Firm CIMG Inc. has raised $ 55 million in a sharing sale to expand the crypto treasury, adding to the list of companies that raised money for crypto until this week.
Cimg Says On Tuesday it released 220 million common shares in exchange for 500 Bitcoin (Btc) to expand its reserves as part of the “financial management strategy.”
It came after another major Bitcoin purchase by Michael Saylor’s approach, and Japan’s metaplanet signed further extraction after its capital structure amended.
The long -term approach to handling bitcoin is the goal
CIMG said it sold its shares for 25 cents each to buy its Bitcoin, which is now worth about $ 55.51 million at the time of publication, According to In coinmarketcap.
The company board said they were “focused on a long -term approach to handling bitcoin” to establish a solid value foundation for investors, along with Chairman and CEO Wang Jianshuang added that the company did not limit exposure to bitcoin only.
“The company aims to continue to increase digital asset reserves and pursue partnerships throughout the AI and Crypto ecosystem, such as the Merlin Chain,” Jianshuang said.
CIMG Inc. completed (IMG) The Tuesday trading session in Nasdaq at $ 0.25 per part, a decline of 3.53% for the day, According to In Google Finance.
Approach and metaplanet eye more bitcoin
It comes like other major public holders of Bitcoin make motions to strengthen their holdings.
The strategy got 4,048 bitcoin for $ 449.3 million between August 25 and Monday, According to at a US Securities and Exchange Commission filing on Tuesday.
The latest bitcoin purchase of the approach was made at an average price of $ 110,981 per BTC, as the Crypto -owned short Surged More than $ 113,000 and dropped below $ 108,000 on Friday, according to coingecko.
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The latest Bitcoin purchase of the approach was made using proceeds from four and-man-made (ATMs) equity offerings.
Meanwhile, the Bitcoin-stacking Japanese company metaplanet has gained the approval of the shareholder to overhaul its capital structure, cleaning a path for billions of billions of potential fundraising for the approach to bitcoin accumulation.
The approach is currently holding 636,505 Bitcoin, while Metaplanet Inc has accumulated 20,000 Bitcoin- making them the first and sixth of Bitcoin’s largest public wealth, respectively, According to to data from Bitcointreasuries.net.
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