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Healthcare Corporation Pursues Ambition to Gain $1 Billion in Cryptocurrency Holdings as Part of Investment Strategy (Nasdaq-listed Company)

Basel Medical Group, located in Singapore, is engaged in discussions to invest a substantial $1 billion into Bitcoin, aiming to bolster its expansion plans across Asia.

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Singapore-based Basel Medical Group is engaged in discussions to incorporate a $1 billion Bitcoin...
Singapore-based Basel Medical Group is engaged in discussions to incorporate a $1 billion Bitcoin investment as part of their strategic expansion in Asia.

Healthcare Corporation Pursues Ambition to Gain $1 Billion in Cryptocurrency Holdings as Part of Investment Strategy (Nasdaq-listed Company)

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Quick Take

  • Healthcare giant Basel Medical Group (NASDAQ: BMGL) is navigating exclusive negotiations for buying a whopping $1 billion worth of Bitcoin.
  • Basel Medical Group, renowned for its orthopedic and trauma services, aims to diversify its portfolio with this move.
  • The Singapore-based firm believes this Bitcoin buy will enhance its financial stability and bolster its growth strategy in Asia.

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Scene Bitcoin Fever Hits the Healthcare Sector: Basel Medical Group Plans a Gigantic Investment

Basel Medical Group, a NASDAQ-listed healthcare powerhouse, has ventured into uncharted territories by announcing its intention to invest a staggering $1 billion in Bitcoin. Set to become one of Asia's healthcare companies with the strongest balance sheets, the move comes amidst a flurry of public companies keen on incorporating cryptocurrency into their portfolios.

The Singapore-based medical service provider revealed the potential share-swap arrangement as a "landmark transaction" for procuring Bitcoin. Providing further insight, Basel Medical Group CEO Dr. Darren Chhoa stated that this financial transformation would empower them with unprecedented capacity to execute their growth strategy while maintaining prudent financial management.

Currently, Bitcoin trades at approximately $104,100, experiencing a 22% surge during the last month, as per data by CoinGecko.

The wave of Bitcoin adoption among public companies follows in the footsteps of Strategy, which rebranded as a Bitcoin treasury firm earlier this year. Strategy initiated Bitcoin purchases in 2020 and now boasts over 569,000 Bitcoin, making it the largest corporate Bitcoin holder. As a result, its stock value has skyrocketed from nearly $15 to $400 per share.

Meanwhile, other firms, such as Metaplanet and Semler Scientific, also operate under Strategy-inspired Bitcoin strategies. Metaplanet holds over 6,796 Bitcoins, translating to a staggering $706 million, based on the current Bitcoin price.

The strategic shift towards Bitcoin as a long-term inflation hedge and store of value is evidenced by numerous public companies adopting this approach. Apart from Basel Medical Group, Strategy, Next Technology Holding, Tesla, Hut 8, and Coinbase Global are among the prominent enterprises capitalizing on this trend.

By joining forces with these industry leaders, Basel Medical Group hopes to capitalize on the growing corporate enthusiasm for Bitcoin while ensuring financial stability and fueling its growth trajectory in the Asian market.

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Enrichment Insights:

  • Several publicly traded companies have embraced Bitcoin-buying strategies, including Strategy, Next Technology Holding, Tesla, Hut 8, and Coinbase Global.
  • Strategy leads the pack, having acquired over 107,155 BTC as of 2025, accounting for two-thirds of all Bitcoin acquired by public companies so far this year.
  • Other notable firms adopting similar strategies include Metaplanet, Semler Scientific, and Tesla. Metaplanet holds 6,796 Bitcoins, while Tesla holds an undisclosed but significant amount of Bitcoin on its balance sheet.
  • Cryptocurrency exchange giant Coinbase Global and mining company Hut 8 Corp are also part of this trend, holding Bitcoin as part of their treasury strategies.
  • Over 70 public companies have formal Bitcoin treasury strategies, with expectations that the number could reach 700 next year. Together, these companies have collectively purchased significantly more Bitcoin—roughly 3.3 times the new Bitcoin supply projected for 2025—surpassing 150,000 BTC by early May 2025.
  • The interest in Bitcoin among public companies reflects a broader corporate shift, regarding the cryptocurrency as a store of value, reserve asset, and inflation hedge, instead of a purely speculative investment.
  • Growing U.S. regulatory support for digital assets has also encouraged this corporate adoption.
  1. Basel Medical Group, a healthcare powerhouse listed on NASDAQ, has announced a plan to invest $1 billion in Bitcoin, aiming to bolster its growth strategy in Asia.
  2. Strategy, a rebranded Bitcoin treasury firm, leads the pack of public companies embracing cryptocurrency, currently holding over 569,000 Bitcoin.
  3. Other companies like Metaplanet, Semler Scientific, and Tesla have also adopted Bitcoin strategies, with Metaplanet holding 6,796 Bitcoins and Tesla having a significant but undisclosed amount.
  4. Cryptocurrency exchange giant Coinbase Global and mining company Hut 8 Corp are also capitalizing on this trend, holding Bitcoin as part of their treasury strategies.
  5. The interest in Bitcoin among public companies is growing, with over 70 companies already having formal Bitcoin treasury strategies, and expectations that this number could reach 700 next year, collectively amassing significantly more Bitcoin than the new supply projected for 2025.

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