FOMC Meeting This Week: Smart Money Institutions Are Stacking BTC Before Jerome Powell News
With the FOMC meeting this week, 99Bitcoins analysts predict that, once again, the Fed won’t do anything. Maybe in June, since there’s no FOMC meeting in July and August. But this week, no. If anything, we’re about to keep dumping, yet companies like Semler Scientific are going all-in. The medical device company picked up 167.. The post FOMC Meeting This Week: Smart Money Institutions Are Stacking BTC Before Jerome Powell News appeared first on 99Bitcoins.
With the FOMC meeting this week, 99Bitcoins analysts predict that, once again, the Fed won’t do anything. Maybe in June, since there’s no FOMC meeting in July and August. But this week, no.
If anything, we’re about to keep dumping, yet companies like Semler Scientific are going all-in. The medical device company picked up 167 BTC in early May, worth $16.2 million, pushing its total Bitcoin reserve to 3,634. That’s over $340 million riding on a volatile asset.
It’s the third high-stakes purchase Semler has made in ten days, signaling a shift in corporate treasury playbooks.
Here’s what’s next for companies acquiring BTC and what to expect at the FOMC:
FOMC Meeting This Week: Semler Scientific Leads Way on BTC Corporate Treasuries
Despite Bitcoin crabbing at $94,000, institutional interest is rising again with Semler Scientific firmly in the “no turning back” camp.
At a recent investor event, Semler’s CEO publicly reaffirmed the company’s confidence in Bitcoin’s long-term potential, saying, “If we lose money by Bitcoin, it’s not gonna force us to sell. You can sell or stop if you don’t like what we’ve done with Bitcoin.”
BREAKING: SEMLER SCIENTIFIC JUST BOUGHT 160 MORE #BITCOIN, PASSING 3,600 BTC IN TOTAL
BTC TREASURIES GOING PARABOLIC
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