Publicly traded company CIMG Inc. has increased its holdings by 230 BTC, bringing its total holdings to 730 BTC.
BlockBeats News, December 17th, CIMG Inc., a US-listed specialty coffee technology company, announced today that it has recently used its own funds to purchase an additional 230 bitcoins, with a total purchase price of approximately $24.61 million. After the transaction was completed, the company's bitcoin holdings have increased to a total of 730 bitcoins.
CIMG stated that the current digital asset market is in a "cooling-off period," providing the company with a strategically significant entry point; at the same time, Bitcoin, as a highly liquid asset, helps to preserve asset value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bostic: Rate cuts are a difficult choice, inflation is more concerning than employment
Michael Saylor posts photo with Morgan Stanley executive on social media, hinting at possible collaboration
