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CIMG Inc. has raised $55 million to acquire 500 Bitcoins

By: theblockbeats.news|2025/09/03 01:22:23

BlockBeats News, September 3rd, Business group CIMG Inc. (Nasdaq code: IMG), focused on digital health and sales development, announced that it completed the previously announced common stock sale transaction on September 2, 2025. The company sold 2.2 billion shares at a price of $0.25 per share, raising a total of $55 million in funds and exchanging this for 500 bitcoins.

CIMG's Chairman and CEO, Wang Jianshuang, stated: "Looking ahead, the company plans to continue increasing its digital asset reserves and seek partnerships with artificial intelligence and the crypto ecosystem."

Solana-based Meme Coin MITCH Market Cap Surges Past $37 Million, Reaching an All-Time High

SharpLink currently holds 837.2k ETH, with an unrealized gain of $637M