CIMG Inc. Raises $55 Million to Purchase 500 Bitcoin Through Share Issuance

Digital health firm CIMG Inc. plans to raise $55 million by issuing 220 million shares to investors outside of the U.S., with these funds earmarked for a strategic purchase of 500 bitcoins. The transaction is expected to be finalized in early September. This move positions CIMG as a significant player in Bitcoin holdings, potentially influencing market sentiment and highlighting cryptocurrency’s role within corporate treasury strategies.