Nasdaq-listed CIMG raises $55 million for Bitcoin holding strategy

Nasdaq-listed sales and development company CIMG raises $55 million and begins purchasing Bitcoin.
On the 2nd (local time), CIMG announced that it would issue 220 million common shares at $0.25 per share.
"We plan to secure a total of 500 BTC through the fundraising process," the official said. CIMG's board of directors said in a statement, "We will maintain a long-term Bitcoin holding strategy and maintain a stable financial position through a sound financial system."
"We will build a solid Bitcoin reserve and provide investors with a solid value base," said Wang, Chairman and CEO of CIMG.
Jianshuang said it plans to continue expanding its digital asset holdings and cooperate with artificial intelligence (AI) and the cryptocurrency ecosystem.
He specifically mentioned the possibility of cooperation with Merlin Chain. After the success of Michael Saylor's Bitcoin Treasury strategy, dozens of companies have started to incorporate crypto assets into their businesses.
He has incorporated it into his financial strategy. Most of his holdings are concentrated in Bitcoin and Ethereum, but he has recently been investing in altcoins such as Solana, BNB, and Ripple (XRP).
More and more companies are seeking to diversify.