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Singapore’s Basel Medical plans $1B Bitcoin deal via share swap to fuel rapid expansion across Asia’s healthcare markets.
https://www.thestreet.com/crypto/markets/basel-medical-shares-down-over-14-despite-1b-bitcoin-plan
Basel Medical Group Ltd, a Singapore-based healthcare company, announced on May 16 that it has entered into exclusive negotiations to acquire $1 billion in Bitcoin, as part of an effort to diversify its treasury and provide liquidity to its balance sheet. Owning Bitcoin, they say, will help them protect their money against big swings in the global economy.
Basel Medical works out of Singapore’s Gleneagles Medical Centre and focuses on orthopaedic, trauma, sports medicine and neurosurgery. The shift toward digital assets is part of a broader trend of corporations turning to cryptocurrency as a strategic financial product.
https://www.thestreet.com/crypto/markets/basel-medical-shares-down-over-14-despite-1b-bitcoin-plan
Basel Medical Group Ltd, a Singapore-based healthcare company, announced on May 16 that it has entered into exclusive negotiations to acquire $1 billion in Bitcoin, as part of an effort to diversify its treasury and provide liquidity to its balance sheet. Owning Bitcoin, they say, will help them protect their money against big swings in the global economy.
Basel Medical works out of Singapore’s Gleneagles Medical Centre and focuses on orthopaedic, trauma, sports medicine and neurosurgery. The shift toward digital assets is part of a broader trend of corporations turning to cryptocurrency as a strategic financial product.
