Gleneagles Medical Centre's Basel Medical Group planning to purchase US$1 billion dollars worth of bitcoin

[Chase]

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.

 

[Chase]

This is really odd

<US$50 million market-cap company has the assets and the access to capital to purchase 1 billion dollars worth of bitcoin​

 

[zhihau]

Altogether now!!! HUAT AH!!!

 

[ChiKopPow]

BTC: A decentralized store of value, just like gold but smarter.

 

[face the facts]

leverage my dear watson, leverage.....lets see who will be left carrying the 'baby'

 

[k1976]

As tempting as Bitcoin going to $200,000 to $1 million is, I don’t want to be a hog and get slaughtered. If you have not begun acquiring Bitcoin, I suggest starting very small, starting with a Satoshi.”

The Bitcoin bull also warns of a global financial collapse, which he says may present a buying opportunity.

“Remember, Warren Buffett is out of stocks and sitting on $350 billion in cash. I suspect he is waiting for the world to crash. Then he will move back in and buy the best assets with cash. Time to get smarter and the best time to get rich if you are smart, patient, studying and aware. Please take care. Millions are about to become poorer. I want you to become richer.”