According to GlobeNewswire, Singapore orthopedic medical group Basel Medical (NASDAQ: BMGL) announced a purchase agreement with a consortium of Bitcoin holders to acquire up to 10000 BTC (currently worth 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 healthcare services in 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.