Bitcoin News Today: CIMG Buys 500 BTC Amid Volatile Shares and Risky Crypto Bet

CIMG Inc. has raised $55 million through the issuance of 220 million common shares at $0.25 each, which it exchanged for 500 Bitcoin (BTC) to bolster its digital asset reserves. This move is part of the company’s strategic effort to establish a long-term Bitcoin holding strategy, with the objective of building a robust Bitcoin reserve to support investor value. The transaction was executed under a private placement exempt from U.S. SEC registration requirements under Regulation S [1]. The company’s board emphasized its commitment to a sound financial system to support its Bitcoin investment and its vision of pioneering Bitcoin financial applications [1].

The purchase of 500 BTC amounts to approximately $55.51 million at the time of the transaction, according to CoinMarketCap data. Wang Jianshuang, CEO and Chairwoman of CIMG, stated that the firm aims to continue expanding its digital asset reserves and is exploring collaborations with AI and crypto projects, such as Merlin Chain [2]. This aligns with a broader trend of firms investing heavily in Bitcoin, with CIMG joining a growing list of public companies building corporate Bitcoin treasuries [2].

The company’s share price dropped 3.53% following the announcement, closing at $0.25 per share on the Nasdaq [2]. This decline reflects market volatility amid the company’s financial challenges, including declining revenue and negative profit margins, according to its latest financial statements [3]. The board acknowledged that the investment in Bitcoin is part of a larger financial management strategy, but it also comes with risks related to market fluctuations and operational challenges [1].

CIMG’s move mirrors similar efforts by other major Bitcoin holders, such as Strategy (formerly MicroStrategy) and Japan’s Metaplanet. Strategy recently acquired 4,048 BTC for $449.3 million, bringing its total holdings to 636,505 BTC, while Metaplanet, the sixth-largest public Bitcoin treasury, has accumulated 20,000 BTC through a series of fundraising initiatives [2]. Metaplanet’s share price has been under pressure, dropping 54% since mid-June, despite Bitcoin’s modest gains during the same period [4]. This highlights the inherent risks in the corporate Bitcoin treasury model, where stock performance and Bitcoin price movements are often interlinked.

Industry observers note that the trend of corporate Bitcoin treasuries is driven by capital seeking high returns in a low-interest-rate environment, but it carries the risk of instability if approached purely as a financial play [3]. Thomas Fecker-Boxler of the Web3 Foundation described the trend as “double-edged,” emphasizing that while it introduces new capital and liquidity, it also carries the potential for balance sheet strain and disorderly unwinding [3]. The sustainability of these corporate treasuries will depend on their financial structures, including leverage and convertible instruments.

CIMG’s acquisition of Bitcoin is expected to continue as the company explores further equity offerings to expand its digital asset holdings. The company’s long-term strategy includes increasing its digital reserves and engaging with AI-driven crypto projects, signaling its intent to remain competitive in the evolving crypto landscape [2].

Source:

[1] CIMG Inc. Completes the Previously Announced Sale of $55 Million of its Common Stock for 500 Bitcoin (https://www.prnewswire.com/news-releases/cimg-inc-completes-the-previously-announced-sale-of-55-million-of-its-common-stock-for-500-bitcoin-302544170.html)

[2] CIMG Inc Raises $55M To Bolster Bitcoin Reserve (https://cointelegraph.com/news/cimg-inc-bitcoin-purchase-common-stock-strategy-metaplanet)

[3] Nasdaq-Listed Sales Firm CIMG Unveils 500 BTC Treasury ... (https://finance.yahoo.com/news/nasdaq-listed-sales-firm-cimg-055624132.html)

[4] Metaplanet Buys 1009 BTC, Reaches 20000 BTC (https://cointelegraph.com/news/metaplanet-20000-btc-treasury-share-price-slump)

[5] Metaplanet Holders Approve New Funding Tools to Buy ... (https://www.bloomberg.com/news/articles/2025-09-02/metaplanet-holders-approve-fresh-funding-tools-to-buy-bitcoin-mf1zcapa)