CIMG Inc. Sells IDR 870 Billion in Shares to Acquire 500 Bitcoin

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Coffee and tech company CIMG Inc., listed on Nasdaq, has completed the sale of 220 million common shares to raise IDR 870 billion (approx. $55 million USD) to purchase 500 Bitcoin as part of its digital asset investment strategy.

CIMG Inc., a dual-industry company engaged in coffee and technology sectors, has officially announced the completion of its latest equity sale. The company sold 220 million common shares, generating approximately IDR 870 billion (roughly $55 million USD). This capital will be used to acquire 500 Bitcoin, reflecting a bold shift in its financial strategy toward digital assets.

The decision to invest heavily in Bitcoin is part of CIMG's long-term diversification plan. The company's leadership believes that Bitcoin not only offers a hedge against inflation but also presents a strong store of value that aligns with modern treasury practices. This move places CIMG among a growing number of publicly listed firms adopting Bitcoin as a key part of their balance sheet.

The acquisition comes at a time when Bitcoin has been trading above $110,000, making the timing of the purchase particularly significant. Market analysts are watching closely to see how this acquisition might influence investor confidence, as well as the broader corporate crypto adoption trend.

CIMG Inc. emphasized that this acquisition does not signal a departure from its core business operations in coffee and tech innovation. Instead, it enhances the company’s financial resilience and long-term value proposition, offering stakeholders exposure to the growing world of decentralized finance and digital currency.

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