CIMG Inc Raises $55 Million for Bitcoin as Crypto Firms Boost Holdings

Digital health and sales development firm CIMG Inc. recently secured a $55 million investment to expand its cryptocurrency reserves, following a trend of financial firms increasing their Bitcoin holdings. The company issued 220 million common shares in exchange for 500 Bitcoin (BTC), aiming to bolster its reserve strategy. This move comes after other prominent Bitcoin investors such as Michael Saylor’s Strategy and Japanese firm Metaplanet, both announced significant investments in the cryptocurrency.