#FOMCMeeting FOMC Meeting This Week: Smart Money Institutions Are Stacking BTC Before Jerome Powell News

With the FOMC meeting this week, 99Bitcoins analysts predict that, once again, the Fed won’t do anything. Maybe in June, since there’s no FOMC meeting in July and August.  But this week, no.

If anything, we’re about to keep dumping, yet companies like Semler Scientific are going all-in. The medical device company picked up 167 BTC in early May, worth $16.2 million, pushing its total Bitcoin reserve to 3,634. That’s over $340 million riding on a volatile asset.

It’s the third high-stakes purchase Semler has made in ten days, signaling a shift in corporate treasury playbooks.

Here’s what’s next for companies acquiring BTC and what to expect at the FOMC: