Basel Medical Group Putting On Hold On The Acquisition of BTC Digital Asset
Basel Medical Group (Nasdaq: BMGL) has announced the temporary suspension of its planned Bitcoin (BTC) digital asset acquisition. The decision was reached mutually between Basel and the consortium of Bitcoin holders due to regulatory uncertainties in the United States.
The pause comes amid ongoing regulatory review of digital assets by US authorities and unclear forthcoming policies that could impact the transaction. Both parties have agreed to reassess the opportunity once there is greater regulatory clarity in the digital asset space.
Basel Medical Group (Nasdaq: BMGL) ha annunciato la sospensione temporanea dell'acquisizione pianificata di Bitcoin (BTC) come asset digitale. La decisione è stata presa di comune accordo tra Basel e il consorzio di detentori di Bitcoin a causa delle incertezze normative negli Stati Uniti.
La pausa arriva in un momento di revisione regolatoria in corso da parte delle autorità statunitensi sugli asset digitali e di politiche future non ancora chiare che potrebbero influenzare la transazione. Entrambe le parti hanno concordato di rivalutare l'opportunità una volta che ci sarà maggiore chiarezza normativa nel settore degli asset digitali.
Basel Medical Group (Nasdaq: BMGL) ha anunciado la suspensión temporal de su adquisición planificada de activos digitales Bitcoin (BTC). La decisión fue tomada de mutuo acuerdo entre Basel y el consorcio de poseedores de Bitcoin debido a las incertidumbres regulatorias en Estados Unidos.
La pausa ocurre en medio de una revisión regulatoria continua de los activos digitales por parte de las autoridades estadounidenses y políticas futuras poco claras que podrían afectar la transacción. Ambas partes han acordado reevaluar la oportunidad una vez que exista una mayor claridad regulatoria en el ámbito de los activos digitales.
Basel Medical Group (나스닥: BMGL)는 계획된 비트코인(BTC) 디지털 자산 인수를 일시 중단한다고 발표했습니다. 이 결정은 미국 내 규제 불확실성 때문에 Basel과 비트코인 보유자 컨소시엄 간 상호 합의로 이루어졌습니다.
이번 중단은 미국 당국의 디지털 자산에 대한 지속적인 규제 검토와 향후 불확실한 정책으로 인해 거래에 영향을 미칠 수 있는 상황에서 이루어졌습니다. 양측은 디지털 자산 분야의 규제 명확성이 높아질 때 기회를 재평가하기로 합의했습니다.
Basel Medical Group (Nasdaq : BMGL) a annoncé la suspension temporaire de son acquisition prévue d'actifs numériques Bitcoin (BTC). La décision a été prise d’un commun accord entre Basel et le consortium de détenteurs de Bitcoin en raison des incertitudes réglementaires aux États-Unis.
Cette pause intervient dans un contexte de révision réglementaire en cours des actifs numériques par les autorités américaines et de politiques à venir peu claires qui pourraient impacter la transaction. Les deux parties ont convenu de réévaluer l’opportunité dès qu’une plus grande clarté réglementaire sera établie dans le domaine des actifs numériques.
Basel Medical Group (Nasdaq: BMGL) hat die vorübergehende Aussetzung des geplanten Erwerbs von Bitcoin (BTC) als digitale Vermögenswerte bekannt gegeben. Die Entscheidung wurde einvernehmlich zwischen Basel und dem Konsortium der Bitcoin-Inhaber aufgrund von regulatorischen Unsicherheiten in den Vereinigten Staaten getroffen.
Die Pause erfolgt vor dem Hintergrund einer laufenden regulatorischen Überprüfung digitaler Vermögenswerte durch US-Behörden und unklarer zukünftiger Richtlinien, die die Transaktion beeinflussen könnten. Beide Parteien haben vereinbart, die Gelegenheit neu zu bewerten, sobald mehr regulatorische Klarheit im Bereich der digitalen Vermögenswerte besteht.
- Demonstrates prudent risk management by pausing during regulatory uncertainty
- Maintains flexibility to reassess the deal when regulatory environment clarifies
- Delay in strategic digital asset acquisition plans
- Potential loss of opportunity if market conditions or prices change significantly
- Uncertainty around timeline for deal completion due to regulatory concerns
Singapore, July 17, 2025 (GLOBE NEWSWIRE) -- Basel Medical Group Ltd (Nasdaq: BMGL or the “Company”), today announced that it is putting on hold on the acquisition of BTC digital asset. After thorough discussions, Basel and the consortium of Bitcoin (BTC) holders have mutually agreed to pause the acquisition of digital asset. This decision reflects the ongoing regulatory review of digital assets by US authorities and the current lack of clarity on how forthcoming policies may impact the transaction.
Given these uncertainties, both parties believe it is prudent to defer the deal until there is greater regulatory certainty. We will continue to monitor developments closely and reassess the opportunity once the regulatory landscape becomes clearer.
About Basel Medical Group Ltd
Basel Medical is a Singapore-based provider of orthopedic and trauma services, sports medicine and surgery, orthopedic procedures, as well as neurosurgical treatments. Our operations are based in Singapore, with our clinics being at 6 Napier Road, Unit #02-10/11 and Unit #03-07, Gleneagles Medical Centre. Over the last 20 years, our group has forged strong and lasting relationships with a large base of corporations, in particular those in the construction, marine and oil & gas industries, which underpin our robust business model. As an orthopedic service provider in Singapore with a track record of over 20 years, we are well-positioned to ride the wave of growth opportunities in the private healthcare industry in Singapore and across Southeast Asia driven by ageing populations, rising income levels, increasing private insurance coverage, government effort and expenditure on healthcare, growing sports participation rate and Singapore’s position as a premium destination for healthcare services in Asia. Our management and medical practitioner team comprises a roster of orthopedic and neurosurgery specialists, corporate finance and healthcare partnership specialists. Basel Medical Group Ltd serves as the holding company of our group and we conduct our operations through our operating subsidiaries based in Singapore. For more information, please visit the Company’s website: www.baselmedical.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, which involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC.
Media Contact:
Basel Medical Group Ltd
+65 6291 9188
contact@baselmedical.com
www.baselmedical.com
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