Strategy and Metaplanet also expand crypto stockpiles
Digital health and sales development firm CIMG Inc. has joined the growing list of companies adding Bitcoin to their balance sheets, announcing a $55 million share sale to acquire 500 BTC.
The Nasdaq-listed company said on Tuesday it issued 220 million common shares at $0.25 each to fund the purchase, bringing its holdings to roughly $55.51 million worth of Bitcoin at current market prices.
Long-term holding strategy
CIMG’s board emphasized that the company is pursuing a long-term Bitcoin holding strategy to build a strong value foundation for investors. Chairman and CEO Wang Jianshuang added that the firm will not limit itself to Bitcoin alone.
“The Company intends to continue to increase its digital asset reserves and pursue collaborations across AI and crypto ecosystems, such as Merlin Chain,” Jianshuang said.
Despite the announcement, CIMG’s stock closed at $0.25 per share, down 3.53% on Tuesday, according to Google Finance.
Part of a wider corporate Bitcoin accumulation trend
CIMG’s move comes amid renewed activity among major Bitcoin treasury firms. Strategy revealed in a U.S. Securities and Exchange Commission filing that it had purchased 4,048 BTC for $449.3 million between Aug. 25 and Monday, at an average price of $110,981 per coin. Strategy now holds 636,505 BTC, making it the world’s largest public holder of the cryptocurrency.
Meanwhile, Metaplanet Inc., often dubbed Japan’s “MicroStrategy,” secured shareholder approval to restructure its capital base, paving the way for billions in potential fundraising to expand its Bitcoin reserves. The company has already accumulated 20,000 BTC, ranking as the sixth-largest public Bitcoin holder.
With Bitcoin trading around $110,943, companies are using equity offerings and shareholder approvals to strengthen their crypto treasuries. The latest wave of acquisitions highlights that firms are betting on Bitcoin as a long-term strategic reserve asset, even as prices remain volatile.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.