Key Takeaways:
- CIMG sold 900 million units for 207.7 Bitcoin to non-US investors
- The deal is part of a broader agreement allowing up to $650 million
- The micro-cap company has been accumulating Bitcoin since September 2025
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CIMG raises $13.5M in Bitcoin-denominated stock offering
CIMG Inc. raised $13.5 million by selling 900 million stock units to non-US investors who paid entirely in 207.7 Bitcoin, bypassing the traditional fiat conversion step in corporate capital formation.
The Nasdaq-listed company disclosed the transaction in a June 23 SEC filing, pricing each unit at $0.015 — comprising one share of common stock and a two-year warrant — with Bitcoin valued at an assumed $65,000 per coin for settlement purposes.
Warrants from the initial closing were fully exercised, bringing total new common shares issued to 1.8 billion. The deal sits under a broader Securities Purchase Agreement that could generate up to $650 million across multiple tranches, though future closings require additional share authorizations and shareholder approval.
CIMG joins a small group of public companies accepting cryptocurrency directly for equity, a structure that allows non-US investors to deploy Bitcoin into a Nasdaq-listed security without triggering taxable fiat conversions in their home jurisdictions. The company's Bitcoin treasury strategy began in September 2025 with a $55 million private placement for 500 Bitcoin, and by December its holdings had reached 730 BTC valued at roughly $46 million.
The approach mirrors the corporate Bitcoin treasury playbook popularized by MicroStrategy, now Strategy, but with a key difference: CIMG cuts out the dollar middleman entirely. Investors hand over Bitcoin, and the company issues equity directly, avoiding market impact from open-market purchases.
For non-US investors, the structure offers a tax-efficient way to gain exposure to a Nasdaq-listed equity using existing Bitcoin holdings. In some jurisdictions, converting crypto to fiat before investing can trigger taxable events, making CIMG's direct-acceptance model a potentially attractive alternative.
The company operates in micro-cap territory with a share price measured in fractions of a penny. Its Bitcoin holdings represent a significant portion of its total valuation, creating a leveraged bet on the cryptocurrency's price trajectory. If Bitcoin rallies, the balance sheet benefits directly; a sharp decline would hit the company harder than larger treasury adopters with diversified revenue streams.
This article is for informational purposes only and does not constitute investment advice.
