Basel Medical eyes $1B bitcoin share swap, aims to boost coffers while expanding Asia's healthcare services
Basel Medical Group Ltd (Nasdaq: BMGL) has entered into exclusive negotiations for a $1 billion acquisition of Bitcoin (BTC), marking a major shift in its financing strategy.
The move will reshape the company's coffers while continuing its focus on healthcare expansion across Asia.
BMGL said the deal is being structured through a share swap arrangement that includes institutional investors and high-net-worth individuals from the cryptocurrency sector.
This initiative, once completed, is expected to position BMGL among the most financially flexible healthcare providers in the Asia Pacific. is
Basel Medical Group $1B Bitcoin Treasury
BMGL aims to build a strong financial foundation to accelerate its expansion into emerging Asian healthcare markets.
The proposed transaction will diversify the company's balance sheet and improve its access to capital for future acquisitions.
"This $1 billion financial turnaround will give us the ability to execute our Asia growth strategy while maintaining conservative financial management," said Dr.
Darren Chua, Chief Executive Officer of BMGL. He added that the move supports the firm's mission to become a leading healthcare platform across the region.
The company is currently working with a group of crypto-focused investors to finalize the terms.
BMGL expects the deal to close within the current financial quarter, pending regulatory approvals and other standard conditions.
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