The post A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately appeared on BitcoinEthereumNews.com.
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 just $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. 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. CIMG said it may monetize its Bitcoin, but warned the asset is volatile and the holdings are not committed or assured financing. Management’s plans to seek more equity or debt had not alleviated doubt about the company’s ability to continue as a going concern. Related Reading A US Bitcoin treasury company sold every BTC because debt and Nasdaq pressure just closed in New SEC filing ties a full BTC liquidation to debt repayment, collateral language, Nasdaq pressure and an AI pivot. Jul 2, 2026 · Liam ‘Akiba’ Wright Why the Bitcoin reserve is not operating cash A June 12 registration statement said CIMG’s Singapore subsidiary self-custodies the coins in segregated Safe Wallet addresses under a 3-of-3 multisignature arrangement. The CEO, CFO, and a director each hold separate credentials, and every signer must approve a transfer. If one is unavailable, moving coins could be delayed or prevented. The later 10-Q says the coins may be monetized, but CIMG disclosed no third-party custodian or cold storage, no Bitcoin insurance, and no independent third-party verification of the holdings. The June registration statement also described Bitcoin as a long-term reserve. At that time, CIMG said it did not expect routine operating use or near-term monetization and had no formal active-trading, monetization, or hedging policy. The reviewed filings do not establish that every coin is unpledged or unencumbered. Related Reading…