Hong Kong Firm Invests in Bitcoin for Share Transactions

A Hong Kong company, CIMG INC, has made a groundbreaking move by accepting Bitcoin as payment for shares. The announcement follows the increasing popularity of cryptocurrency within the Asian market, with Bitcoin (BTC) reaching new highs around $112,000. This innovative transaction allows nine investors outside the United States to purchase shares valued at $55 million using 500 BTC. Whether this decision will create a Bitcoin-based treasury or simply offer an alternative payment method remains unclear.