A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately

- CIMG Inc. is sitting on 1,145.4 BTC worth $67 million and has $5,397 in cash. That's not a treasury strategy, that's a meat wallet who spent everything on lottery tickets and forgot to keep bus fare. They're running a $7.38 million working-capital deficit, bleeding $10.35 million in operating cash over nine months, and management's grand plan is "maybe we sell the Bitcoin" — the same Bitcoin they told investors in June was a long-term reserve with no monetization policy. Aggressive passive income. The 3-of-3 multisig sounds secure until you realize one absent signer freezes the entire stack, there's no insurance, no custodian, and no third-party verification. For all anyone knows, those coins are already pledged to someone less friendly. A big treasury number means nothing if you can't cover Tuesday's invoices. This is what happens when you confuse a balance sheet with a survival plan.