CIMG Inc., a Nasdaq-listed company, announced the issuance of 220 million common shares in exchange for 500 Bitcoin as part of its financial management strategy.
CIMG's Financial Management Strategy
CIMG Inc. stated that the receipt of Bitcoin in payment for shares is part of its financial management strategy. "We are committed to a long-term Bitcoin holding strategy, building a robust Bitcoin reserve to establish a solid value foundation for our investors," said Wang Jianshuang, Chairwoman of the Board of Directors and CEO of CIMG.
Overview of CIMG Inc. Stock
In the last trading session, NASDAQ: IMG lost 3.53%, reaching $0.25, yet over the past five trading sessions, it has grown by roughly 9.80%. Despite the decline, CIMG Inc. is still priced above all its crucial exponential moving averages, including the 20-day, 50-day, 100-day and 200-day.
Financial Performance and Debt Obligations
In the first quarter of 2025, the company's revenue was $22.85k, with a net income of -$1.54 million. For the second quarter of 2025, estimated revenue is likely to be near $3.10 million, and for the third quarter, it is expected to reach $4.10 million. TradingView states that the current market capitalization of the company is $9.24 million.
CIMG Inc. continues to develop its financial management strategies by integrating Bitcoin as a core asset for building reserves, despite economic challenges and current financial performance.
