CIMG Inc. sold shares for $55 million in exchange for 500 bitcoins, planning to build a long-term reserve

CIMG Inc. (Nasdaq: IMG), a business group focused on digital health and sales development, announced the completion of the sale of 220 million shares of common stock, raising $55 million in exchange for 500 bitcoins to build a long-term reserve. CEO Wang Jianshuang stated that Bitcoin's growth reveals opportunities for integrating traditional businesses with blockchain. CIMG plans to continue increasing its digital asset holdings and collaborate with AI and crypto ecosystems, such as Merlin Chain. (prnewswire)