A Singapore-based healthcare provider learned the hard way that Wall Street is still wary of corporate Bitcoin treasuries. Share Price Slides on Bold Plan Basel Medical Group saw its shares sink roughly 15 percent after revealing “advanced discussions” to acquire $1 billion in Bitcoin through a share-swap deal with institutional investors. Management pitched the move as a way to build “one of the strongest balance sheets among Asia-focused healthcare providers” and to secure “unmatched financial flexibility for mergers and acquisitions.” Treasury Strategy Aims to Diversify The company added that a BTC reserve would help it “[e]stablish a diversified asset base … Continue reading Medical Stock Plunges 15% After Announcing $1 Billion Crypto Reserve Strategy