Basel Medical Bets Big: $1B Bitcoin Treasury Play Shakes Conservative Finance
In a move that left Wall Street clutching its pearls, Basel Medical just allocated $1 billion to Bitcoin—turning its treasury into a crypto bull’s playground.
Why this stings traditional finance: The healthcare giant’s audacious BTC buy-in flips the script on ’safe’ corporate treasury strategies. Meanwhile, bankers are still debating whether to allow tellers to say ’blockchain’ without a compliance officer present.
The cynical take: Nothing cures cold feet like FOMO—especially when your bond portfolio’s yielding less than a mattress.