The U.S. listed company Basel Medical has reached a $1 billion Bitcoin purchase agreement

ChainCatcher news, according to GlobeNewswire, Singapore-based orthopedic medical group Basel Medical (NASDAQ: BMGL) announced a purchase agreement with the Bitcoin Holders Alliance to acquire up to 10,000 BTC (currently valued at approximately $1 billion) through the issuance of common stock. This move aims to diversify the company's capital reserves while maintaining its core business expansion in medical services across the Asia-Pacific region. The group was established in Singapore and specializes in orthopedic trauma treatment and neurosurgery. The company stated that this strategic investment will strengthen its balance sheet and support its expansion plans in the high-growth healthcare market in Asia.