menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Another Na...
source image

Coindoo

1d

read

100

img
dot

Image Credit: Coindoo

Another Nasdaq Listed Company to Acquire $1 Billion in BTC

  • Basel Medical Group Ltd (Nasdaq: BMGL) is set to acquire $1 billion in Bitcoin to diversify its treasury reserves and focus on expanding its medical services in Asia.
  • Through an innovative share-swap arrangement with a consortium of investors in the cryptocurrency sector, BMGL aims to bolster its balance sheet significantly.
  • The BTC acquisition will strengthen BMGL's financial position, improve flexibility for mergers and acquisitions, and allow better management of market volatility in the Asian healthcare industry.
  • CEO Dr. Darren Chhoa believes this transformation will provide unprecedented financial capacity for strategic growth in Asian markets while maintaining disciplined financial management.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app