CIMG raises $55 million through rights issue and will purchase 500 bitcoins

According to Odaily Planet Daily, CIMG Inc., a Nasdaq-listed digital health company, announced it has signed a definitive securities purchase agreement to issue 220 million shares of common stock to nine non-U.S. investors, raising $55 million and purchasing 500 bitcoins. The transaction is expected to close in early September at an average price of $110,000 per bitcoin. (PR Newswire)