Basel Medical stock drops on Bitcoin buying plans

From Cointelegraph

May 16, 2025 2:31 pm:

Basel Medical Group’s stock drops 15% after announcing a plan to buy $1 billion in Bitcoin for its corporate treasury. Shareholders are not convinced of the benefits, causing the share price to fall. Other companies like GameStop also faced backlash for similar plans. Corporate treasuries collectively hold about $80 billion in Bitcoin.

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