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In June, CIMG sold 900 million units for $13.5 million payable in Bitcoin at a $65,000 reference price

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CIMG held 1,145.4 BTC worth $67.19 million against $5,397 in cash, with a $7.38 million working-capital deficit at June 30.

The 10-Q reports $51.46 million of Bitcoin additions during the nine months and no disposals.

Key facts

Summary

01 CIMG said its June 30 Bitcoin treasury was worth $67.19 million, but cash fell to $5,397. 02 The company faced a $7.38 million working-capital deficit, leaving operations dependent on immediate new funding. 03 CIMG may sell Bitcoin, yet volatile holdings, no assured financing, and going-concern doubts keep liquidity unresolved. Bitcoin treasury holder CIMG Inc. said in its Aug. 13 quarterly filing that it needs to raise capital immediately, even though it held 1,145.4 BTC valued at $67.19 million on June 30. CIMG had $5,397 in cash and $1.87 million in current assets against $9.25 million in current liabilities, leaving a $7.38 million working-capital deficit.

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