TechFlow, Sept 3 — According to PRNewswire, digital health and sales development company CIMG Inc. (Nasdaq: IMG) announced on September 2 the completion of its previously disclosed sale of common stock. The company sold 220 million shares of common stock at $0.25 per share, totaling $55 million, and received 500 bitcoins as payment.
The board of directors of CIMG Inc. stated that accepting bitcoin as payment for shares is part of the company's financial management strategy, and the company will adopt a long-term holding approach toward bitcoin. Chairman and CEO Wang Jianshuang noted that the company will continue increasing its digital asset reserves and seek collaboration opportunities in fields such as artificial intelligence and crypto ecosystems (e.g., Merlin Chain).
