02:57 PM EDT, 09/02/2025 (MT Newswires) -- CIMG ( IMG ) said Tuesday it has closed the sale of 220 million shares at $0.25 apiece for gross proceeds of $55 million in exchange for 500 Bitcoins (BTC-USD).

The company said the Bitcoin payment for shares is part of its financial management strategy.

"The company intends to continue to increase its digital asset reserves and pursue collaborations across AI and crypto ecosystems, such as Merlin Chain," said CEO Wang Jianshuang.

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