I just saw the news that Merlin Chain has partnered with Nasdaq-listed company CIMG Inc. to launch a $55 million Bitcoin treasury. The conclusion drawn after research is: this is a good attempt direction, but currently, it is more symbolic than practical. 1/ Where does the $55 million come from? As of now, companies mainly acquire Bitcoin reserves through three methods: Direct allocation: converting part of cash reserves into Bitcoin Financing purchase: raising funds through debt or equity financing to buy Bitcoin (like MicroStrategy) ETF investment: gaining exposure through a regulatory-approved Bitcoin ETF CIMG Inc. falls under the first category: by selling 220 million shares of common stock, they raised $55 million to purchase 500 Bitcoins. CIMG's innovation lies in: The first batch of 500 BTC is on-chain through Merlin Chain's Institutional HODL+ and participates in earning interest Not only holding Bitcoin but also gaining additional income through the BTCfi...
Introducing Institutional HODL+
Merlin Chain’s new paradigm for Bitcoin Treasury management — a compliant, secure, and yield-driven framework designed to transform BTC from a passive reserve into a productive institutional asset.
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