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Cryptocurrency News Articles

Basel Medical Group Is Taking an Unexpected Turn by Adding a Massive $1 Billion in Bitcoin to Its Corporate Treasury

May 17, 2025 at 11:01 am

The $1B Bitcoin healthcare investment by Basel is turning heads, especially since most moves like this come from tech or finance.

Basel Medical Group Is Taking an Unexpected Turn by Adding a Massive $1 Billion in Bitcoin to Its Corporate Treasury

A healthcare company in Singapore is planning to add a massive $1 billion in Bitcoin to its corporate treasury.

What Happened: Basel Medical Group Ltd (SGX: 409), a healthcare firm operating clinics and labs in Southeast Asia, is rolling out a unique strategy. Instead of expanding clinics or launching new health services, the company is planning to buy Bitcoin.

The $1B Bitcoin healthcare investment by Basel is surprising considering most of these moves come from the tech or finance sectors. The move has caught markets off guard and sent the company’s share price sliding. However, executives say this is part of a long-term plan to strengthen the business in a changing financial landscape.

At first glance, a healthcare firm diving into Bitcoin might seem like hype. But according to CEO Dr. Darren Chhoa, the decision is 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.

Rather than buying Bitcoin outright with cash, the company is using a share-swap model. This means high-net-worth individuals and institutions will be receiving Basel stock in return for contributing Bitcoin to the company’s balance sheet. In essence, Basel gets BTC, investors get equity, and the company’s cash stays untouched for now.

Related Link: Best New Cryptocurrencies To Invest In 2025

The company’s stock dropped by about 15 percent after the announcement, while Bitcoin futures slipped about 2 percent. This reaction isn’t surprising given that traditional companies venturing into crypto usually see their stocks decline.

This is because shareholders tend to worry about what happens if the value of crypto tanks. However, this isn’t a random crypto gamble. The company made it clear that they’re not shifting focus away from healthcare. This move is meant to sit alongside their existing plans, not replace them. It’s a diversification play, not a full-blown rebrand.

This makes Basel stand out among its peers in the healthcare sector. While tech firms like MicroStrategy Inc (NASDAQ: MCR) and Tesla Inc (NASDAQ: TSLA) have made headlines with their crypto investments, it’s rare to see healthcare firms venturing into this domain.

Among the publicly traded companies that are holding Bitcoin as part of their financial strategy, most names come from the tech or finance sectors.

MicroStrategy is perhaps the best-known example, having purposely turned its Bitcoin holdings into a defining part of its identity. Tesla also made waves with its own investment, although it has pulled back since.

But what makes Basel different is its sector — you don’t usually see many healthcare firms dipping into crypto. That makes this move a bit of an outlier, and possibly a sign that treasury strategies are starting to shift in surprising corners of the business world.

This deal is expected to close sometime this quarter, pending final regulatory approvals. The company hasn't yet disclosed the names of the investors or how the Bitcoin will be managed once it's on the books.

Those details could shape how this plays out, especially if prices swing dramatically in either direction. For now, the focus is on how Basel is balancing risk with responsibility.

Bitcoin is known for its volatility, but the company believes it can use it as a long-term asset while still sticking to its core mission: growing its healthcare footprint across Asia.

With this $1B Bitcoin healthcare investment, Basel Medical is making a big bet on Bitcoin while staying committed to its mission in healthcare. Whether that turns out to be brilliant or short-lived, one thing’s certain — it's a bold move that has everyone's attention.

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Other articles published on May 17, 2025