According to GlobeNewswire, Singapore orthopedic medical group Basel Medical (Nasdaq code: BMGL) announced an agreement with the Bitcoin Holders Alliance to purchase up to 10,000 BTC (currently valued at approximately $1 billion) through a new stock issuance. The move aims to diversify the company's cash reserves while maintaining its core business expansion in medical services in the Asia-Pacific region. Established in Singapore, the group specializes in orthopedic trauma treatment and neurosurgery. The company stated that this strategic investment will strengthen its balance sheet and support its expansion plans in the high-growth Asian medical market.
Basel Medical, a US-listed company, has reached a $1 billion Bitcoin purchase agreement
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