CIMG Inc. Expands Bitcoin Holdings to 730 with New Acquisition of 230 Bitcoins
CIMG Inc. Expands Bitcoin Holdings
CIMG Inc. has made significant strides in its cryptocurrency investments by acquiring 230 additional Bitcoins, raising its total Bitcoin holdings to 730. This acquisition, valued at approximately $24.6 million, is a strategic move to enhance the company’s digital asset portfolio during a time when the market is experiencing a cooling period. Alice Wang, the Chairperson and CEO of CIMG, highlighted the importance of Bitcoin as a liquid asset that is crucial for value preservation in such volatile markets.
The Strategic Acquisition
CIMG Inc., operating under the ticker symbol IMG on Nasdaq, specializes in digital health and sales development. Their strategic focus includes leveraging technology and marketing solutions to help their business partners improve sales growth. The decision to acquire more Bitcoins comes as management sees an opportunity in the current market conditions, which they describe as a
Topics Financial Services & Investing）
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