Basel Medical to Acquire $1 Billion in Bitcoin via Share Swap

Basel Medical Group, a prominent healthcare enterprise based in Singapore, has announced plans to acquire $1 billion worth of Bitcoin through a share swap agreement with institutional investors. This significant move signals the growing acceptance of digital assets within the non-financial sector and could reshape financial strategies for similar companies in Asia. The transaction will be led by CEO Dr. Darren Chhoa, who aims to diversify Basel Medical’s financial reserves and capitalize on market opportunities.