CIMG Inc’s Bitcoin Bet: $55M for a Crypto Gamble 🚀💰

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So, turns out CIMG Inc is now the latest in a long line of companies that think “Hey, what if we just buy Bitcoin?!” is a solid business plan. Congrats, you’ve officially joined the crypto club! 🎉💸

They raised $55 million by selling 220 million shares at 25 cents each-because nothing says “financial stability” like selling shares for less than a cup of coffee. In exchange, they got 500 Bitcoin, which is now worth about $55.5 million. *Sigh*… at least they’re not investing in funny money. 🤯

“We’re committed to a long-term Bitcoin holding strategy!” says the CEO, because nothing says “trust us” like holding a volatile asset that could crash faster than your ex’s Instagram feed. 📉

Meanwhile, Michael Saylor’s Strategy is buying Bitcoin like it’s the last slice of pizza at a party, and Japan’s Metaplanet is basically a Bitcoin ATM with a corporate structure. 🧾

And just when you thought the crypto craze was over, here come the companies with “financial management strategies” that involve buying Bitcoin with shares that are worth less than their weight in confetti. 🎊

So, what’s next? Will we see companies buying Bitcoin with stock that’s worth less than a coupon? Probably. 🚀

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2025-09-03 09:29