PANews reported on May 22 that according to GlobeNewswire, Singapore orthopedic medical group Basel Medical (NASDAQ: BMGL) announced that it has reached a purchase agreement with the Bitcoin Holders Alliance to purchase up to 10,000 BTC (currently worth approximately US$1 billion) through the issuance of additional common shares. The move is aimed at diversifying the company's capital reserves while maintaining its core business expansion in medical services in the Asia-Pacific region. The group was founded in Singapore and specializes in orthopedic trauma treatment and neurosurgery. The company said that this strategic investment will strengthen its balance sheet and support its expansion plans in Asia's high-growth medical markets.