menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Basel Medi...
source image

Crypto-News-Flash

13h

read

116

img
dot

Image Credit: Crypto-News-Flash

Basel Medical Group Plans $1B Bitcoin Purchase to Power Treasury Expansion

  • Basel Medical Group (BMGL) plans to acquire $1 billion worth of Bitcoin, structured as a share-swap arrangement, to diversify financially and fund rapid growth in Asia's healthcare markets.
  • This move mirrors the strategy of companies like MicroStrategy in using Bitcoin as a treasury reserve asset, potentially more valuable than their core business.
  • BMGL is negotiating with institutional investors for the Bitcoin acquisition, aiming to have one of the biggest Bitcoin balance sheet acquisitions in the Asia-Pacific region.
  • Other companies globally, like Metaplanet in Japan and Semler Scientific in the U.S., are also increasing their Bitcoin reserves, with ongoing market optimism predicting Bitcoin to reach $200,000 fueled by institutional demand.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app