Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices

Singapore-based Basel Medical Group (BMGL) announced plans to acquire $1 billion worth of Bitcoin (BTC) to strengthen its balance sheet and accelerate expansion across Asian markets. Basel also rev...

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Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices

Source: CryptoSlate

Singapore-based Basel Medical Group (BMGL) announced plans to acquire $1 billion worth of Bitcoin (BTC) to strengthen its balance sheet and accelerate expansion across Asian markets. Basel also revealed that the proposed transaction is being negotiated with a consortium of institutional investors and high-net-worth individuals active in the crypto sector. Basel CEO Darren Chhoa said […]