Basel Medical Group Ltd (ticker: BMGL), a publicly traded company specializing in orthopedic, trauma, and sports medicine services, announced plans to acquire $1 billion worth of Bitcoin (BTC)
Basel Medical Group Ltd (ticker: BMGL), a publicly traded company specializing in orthopedic, trauma, and sports medicine services, announced plans to acquire $1 billion worth of Bitcoin (BTC). The company aims to diversify its treasury holdings and support its expansion efforts in Asia through this substantial cryptocurrency investment. This move marks a notable instance of corporate adoption of Bitcoin, reflecting growing interest among public companies in integrating digital assets into their financial strategies.
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Source: https://thedefiant.io/news/blockchains/basel-medical-group-plans-1-billion-bitcoin-acquisition-to-diversify-treasury-cf885cb2