BaselMedicalGroup
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Nasdaq-listed medical company surprisingly wants to buy 1 billion USD of Bitcoin – What ambitions lie behind this deal?
Basel Medical Group – a Singapore-based medical company listed on Nasdaq (stock code: BMGL) – has just announced that it is in exclusive negotiations to purchase Bitcoin worth up to 1 billion USD. This is seen as a step towards a 'breakthrough financial transformation' and part of the company's expansion strategy in Asia.
Why would a medical company choose Bitcoin?
Why would a medical company choose Bitcoin?
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Cryptocurrency Riding Positive Waves: Basel, Méliuz, and Fifth Third Join the Game!
The cryptocurrency market is booming with a series of positive moves from major institutions, opening up promising long-term prospects. #BaselMedicalGroup announced exclusive negotiations to purchase $1 billion worth of Bitcoin to diversify treasury reserves while still focusing on expanding healthcare services. At the same time, Méliuz – the online store #Brazil – purchased 274.52 BTC for $28.4 million, becoming the first company in Brazil and Latin America to hold a treasury in Bitcoin.
Bank #FifthThird is also not sitting on the sidelines, with plans to expand crypto-related operations after 5 years of research. After building relationships with crypto companies and waiting for a clear regulatory framework, this bank is ready to provide new crypto services. With Bitcoin ($104,000) and Ethereum ($2,500) leading the way, alongside a crypto fund inflow of $3.4 billion last week and a forecast of $330 billion accumulation into Bitcoin by 2029, the participation of Basel, Méliuz, and Fifth Third is evidence of sustainable growth potential, bringing cryptocurrency closer to mainstream financial flows.
Risk Warning: Crypto investment carries high risk due to price volatility and legal uncertainty. Please consider carefully before participating.
The cryptocurrency market is booming with a series of positive moves from major institutions, opening up promising long-term prospects. #BaselMedicalGroup announced exclusive negotiations to purchase $1 billion worth of Bitcoin to diversify treasury reserves while still focusing on expanding healthcare services. At the same time, Méliuz – the online store #Brazil – purchased 274.52 BTC for $28.4 million, becoming the first company in Brazil and Latin America to hold a treasury in Bitcoin.
Bank #FifthThird is also not sitting on the sidelines, with plans to expand crypto-related operations after 5 years of research. After building relationships with crypto companies and waiting for a clear regulatory framework, this bank is ready to provide new crypto services. With Bitcoin ($104,000) and Ethereum ($2,500) leading the way, alongside a crypto fund inflow of $3.4 billion last week and a forecast of $330 billion accumulation into Bitcoin by 2029, the participation of Basel, Méliuz, and Fifth Third is evidence of sustainable growth potential, bringing cryptocurrency closer to mainstream financial flows.
Risk Warning: Crypto investment carries high risk due to price volatility and legal uncertainty. Please consider carefully before participating.
Basel Medical Group plans $1 Billion Bitcoin acquisition
#BaselMedicalGroup Ltd (Nasdaq: BMGL) has entered exclusive negotiations to acquire $1 billion worth of #Bitcoin , aiming to diversify its treasury while continuing its healthcare expansion in Asia. The company is in talks with institutional investors and high-net-worth individuals for a share-swap arrangement to execute the transaction.
#BaselMedicalGroup Ltd (Nasdaq: BMGL) has entered exclusive negotiations to acquire $1 billion worth of #Bitcoin , aiming to diversify its treasury while continuing its healthcare expansion in Asia. The company is in talks with institutional investors and high-net-worth individuals for a share-swap arrangement to execute the transaction.
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