According to a PR Newswire release, CIMG Inc. added 230 BTC to its portfolio, viewing Bitcoin as a high-liquidity asset amid market cooldown.
CIMG Inc., a Nasdaq-listed company, announced via PR Newswire on December 17 the acquisition of 230 Bitcoin worth $24.61 million using internal funds. This purchase increases the firm's total holdings to 730 BTC. The company cited the ongoing market cooldown as a strategic investment opportunity, characterizing Bitcoin as a high-liquidity asset suitable for value preservation.