CIMG INC Don Finish $55M Bitcoin-Only Share Sale
Hong Kong side CIMG INC don yan sell new shares wey worth $55 million only for Bitcoin, dis na one of di first big Asian company transaction wey no use normal money. Nine investors wey no dey USA go exchange 500 BTC, wey di price na $110,000 per Bitcoin, for shares wey cost $0.25 each. Dis move show say crypto demand dey grow for Asia and e put CIMG INC—wey get brands like Kangduoyuan and Maca-Noni—inside blockchain innovation. As public companies dey build Bitcoin reserve, USA companies dey hold top six places, Strategy dey lead wit 632,457 BTC. Japan Metaplanet dey seventh with 18,991 BTC, and Chinese companies like Next Technology get up to 6,000 BTC. With over 3.68 million BTC wey ETFs, DeFi contracts, and public companies hold, supply no dey enough as e show Bitcoin strong as digital asset hedge.
Bullish
Dis Bitcoin-only share sale wey CIMG INC do dey show say institutional people dey adopt am well well for Asia and e strong corporate demand for Bitcoin reserves. E be like how MicroStrategy and Tesla do big purchases before as well, CIMG move dey show say Bitcoin get role as hedge against fiat volatility and macroeconomic wahala. For short term, the announce fit boost market sentiment, support price around key levels, and attract new trading interest. For long term, e dey show say companies dey diversify their treasury assets join crypto, fit drive steady demand plus make supply scarce. Dis kind corporate endorse dey usually make bullish momentum strong and encourage other companies to try Bitcoin allocations.