CIMG Inc. to Purchase 500 Bitcoin for $55 Million, Signaling Major Shift

Hong Kong-based CIMG Inc. is set to make a major shift in its investment strategy by purchasing 500 Bitcoin worth $55 million. This strategic move will see the company acquire the cryptocurrency as part of a stock issuance plan expected to settle by early September 2025. The decision marks a significant commitment to digital asset management and reflects CIMG’s broader ambition for diversification in its business model. The company’s use of Bitcoin as payment for shares indicates confidence in the long-term value of this cryptocurrency.