CIMG raises $8.7M in share sale that accepts Bitcoin

CIMG has raised $8.7 million through a share sale that accepts Bitcoin, according to Dealroom. The transaction links an equity financing round with the option for participants to use the largest cryptocurrency by market capitalization as a payment method.

A share sale generally involves a company issuing or transferring equity to investors in exchange for capital. By accepting Bitcoin, the deal places cryptocurrency alongside conventional funding mechanisms, while investors receive shares rather than direct exposure to a token issued by the company.

Bitcoin is a decentralized digital asset that can be transferred on its blockchain network. Its use in a corporate share sale reflects the broader, still-developing relationship between digital assets and traditional company financing, where businesses may seek to accommodate investors that hold cryptocurrency.

The reported $8.7 million raise is the central disclosed figure for the transaction. Dealroom originally reported the financing.