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The publicly listed medical company Basel Medical announced that it has reached a $1 billion Bitcoin purchase agreement.
Basel Medical (NASDAQ:BMGL), a Singapore-based orthopedic medical group, announced that it has entered into a purchase agreement with a coalition of Bitcoin holders to purchase up to 10,000 BTC (currently worth approximately $1 billion) through the issuance of additional ordinary shares. The move aims to diversify the company’s capital reserves while maintaining its core business expansion in healthcare services in the Asia-Pacific region.