Basel Medical Invests $1 Billion in Bitcoin for Financial Strategy

Basel Medical Group is investing $1 billion in Bitcoin to bolster its financial strategy as the company looks to expand across Asia. The healthcare company, known for engaging with institutional investors rather than direct cash transactions, aims to strengthen its balance sheet and support future mergers and acquisitions. Initial market reactions include a 14% drop in the company’s share price, reflecting volatility often associated with crypto investments. The acquisition will involve innovative share swaps as part of Basel Medical’s strategic move into the cryptocurrency space.