Basel Medical Group Ltd. (BMGL) has launched exclusive talks to acquire $1 billion worth of Bitcoin in a bold move to diversify its treasury and strengthen its financial base. This groundbreaking shift supports the company’s mission to rapidly expand its medical services across Asia’s booming healthcare markets. The Bitcoin acquisition will be executed through a unique share-swap structure with key players in the crypto investment space.

The transaction marks a major step in redefining BMGL’s corporate strategy by building one of the strongest balance sheets in Asia’s healthcare sector. It offers financial flexibility to pursue mergers and acquisitions while shielding the company from market instability with a diversified asset base. If completed this will be one of the largest crypto-backed treasury shifts by a healthcare firm in the region.

CEO Dr Darren Chhoa said the financial boost gives BMGL the power to drive aggressive growth while maintaining prudent financial management. The company expects to finalize the deal within the current quarter pending regulatory approval.

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