$1B Bitcoin Deal: Basel Medical’s Unconventional Treasury Strategy

Basel Medical Group, a healthcare company based in Singapore, is taking an unexpected turn. Instead of just expanding clinics or launching new health services, it’s preparing to add a massive $1 billion in Bitcoin to its corporate treasury. The $1B Bitcoin healthcare investment by Basel is turning heads, especially since most moves like this come.. The post $1B Bitcoin Deal: Basel Medical’s Unconventional Treasury Strategy appeared first on 99Bitcoins.

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May 17, 2025 - 12:01

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Basel Medical Group, a healthcare company based in Singapore, is taking an unexpected turn. Instead of just expanding clinics or launching new health services, it’s preparing to add a massive $1 billion in Bitcoin to its corporate treasury. The $1B Bitcoin healthcare investment by Basel is turning heads, especially since most moves like this come from tech or finance. The move caught markets off guard and sent the company’s share price sliding, but executives say it’s part of a long-term plan to strengthen the business in a changing financial landscape.

Healthcare Meets Crypto

At first glance, a healthcare firm diving into Bitcoin might raise eyebrows. But Basel Medical says the decision isn’t about hype or headlines. According to CEO Dr. Darren Chhoa, it’s part of a financial pivot designed to support the company’s growth across Asia while giving it more flexibility with how it manages its reserves.