- Nasdaq-listed CIMG accepted 207.7 Bitcoin instead of cash in its latest $13.5 million stock offering.
- The company is building a Bitcoin treasury by directly exchanging equity for BTC rather than buying on the open market.
- A broader financing agreement could eventually bring in up to $650 million, much of it denominated in Bitcoin.
CIMG Inc. is taking a different path from most corporate Bitcoin treasury companies. Instead of raising dollars and later purchasing Bitcoin, the Nasdaq-listed firm is accepting Bitcoin directly from investors in exchange for newly issued shares.
The company recently completed a stock offering that raised approximately $13.5 million through the issuance of 900 million units, with investors paying primarily in Bitcoin rather than traditional currency.
Investors Paid With Bitcoin Instead of Cash
The transaction closed on June 22 and involved roughly 207.7 BTC, valued using an assumed Bitcoin price of $65,000 per coin.
Each unit was priced at $0.015 and included one common share along with a two-year warrant. The offering was primarily targeted toward non-U.S. investors, allowing them to acquire equity without first converting their Bitcoin holdings into dollars.
The structure immediately adds Bitcoin to CIMG’s balance sheet while avoiding the need to purchase BTC on the open market.
Building a Bitcoin Treasury Without Buying Bitcoin
Most public companies pursuing Bitcoin treasury strategies follow a familiar model. They raise cash through stock sales, debt offerings, or preferred shares and then use those proceeds to purchase Bitcoin.
CIMG is taking a different approach.
By accepting Bitcoin directly as payment, the company effectively turns every financing round into a Bitcoin acquisition event. Investors contribute BTC, and CIMG increases its treasury without creating additional buying pressure in the spot market.
This creates a direct relationship between the company’s capital-raising efforts and its Bitcoin accumulation strategy.
Bitcoin Treasury Strategy Started in 2025
The latest offering is not CIMG’s first Bitcoin-focused transaction.
In September 2025, the company completed a private placement that raised $55 million through the issuance of 220 million shares in exchange for 500 Bitcoin. That transaction marked the beginning of CIMG’s transformation into a Bitcoin treasury-focused public company.
By December 2025, the firm’s holdings had grown to approximately 730 BTC.
The addition of another 207.7 BTC further strengthens the company’s cryptocurrency reserves and reinforces its commitment to Bitcoin as a core treasury asset.
Bigger Plans Could Bring in $650 Million
The recent financing is only one part of a much larger capital-raising initiative.
According to the company, the broader Securities Purchase Agreement could eventually generate up to $650 million in proceeds, much of which may also be denominated in Bitcoin.
Achieving that target would require additional share authorizations and future fundraising rounds. However, if completed, the agreement could significantly expand CIMG’s Bitcoin holdings over the coming years.
For Bitcoin supporters, the strategy represents another example of public companies integrating digital assets directly into their capital structures.
Shareholder Dilution Remains a Key Risk
While the strategy is unique, it comes with significant risks.
The latest transaction issued 900 million units, each carrying a two-year warrant. If those warrants are exercised, the company’s share count could increase substantially.
Future fundraising rounds under the larger agreement could create additional dilution for existing shareholders.
Investors are effectively betting that growth in Bitcoin holdings and potential appreciation in BTC’s value will outweigh the impact of an expanding share base.
What It Means for Crypto Investors
CIMG’s approach highlights the continued evolution of corporate Bitcoin treasury strategies.
Rather than simply purchasing Bitcoin after raising capital, the company is creating a system where Bitcoin itself becomes the funding currency. For investors already holding BTC, the model offers a way to gain exposure to a publicly traded company without first converting digital assets into fiat.
Whether the strategy proves successful will largely depend on Bitcoin’s long-term performance and the company’s ability to manage dilution while continuing to grow its treasury.
For now, CIMG stands out as one of the few public companies turning stock offerings directly into Bitcoin accumulation opportunities.
