Core Viewpoint - Basel Medical Group Ltd has entered into a purchase agreement to acquire up to 10,000 BTC, valued at approximately US$1.0 billion, by issuing ordinary shares, which aims to diversify its treasury reserves while focusing on medical services expansion in the Asia Pacific Region [1][2]. Company Overview - Basel Medical Group Ltd is a Singapore-based provider specializing in orthopedic and trauma services, sports medicine, and neurosurgical treatments, with operations centered in Singapore [3]. - The company has established strong relationships with various corporations, particularly in the construction, marine, and oil & gas industries, which support its robust business model [3]. - With over 20 years of experience, the company is well-positioned to capitalize on growth opportunities in the private healthcare sector in Singapore and Southeast Asia, driven by factors such as aging populations and increasing private insurance coverage [3].
Basel Medical Group Ltd Enters into US$ 1.0 Billion Bitcoin (BTC) Purchase Agreement