JUST

Core

Bitcoin

Read

<ul>
 <li>Semler Scientific plans to fund Bitcoin purchases by selling stock, aligning with broader corporate crypto trends.</li>
 <li>SEC scrutiny may delay Semler’s stock sale and Bitcoin acquisition plans.</li>
 <li>Initial $57M Bitcoin buy reflects corporate shift to digital assets as reserve strategy.</li>
</ul>
<p>Semler Scientific, a medical technology company, recently announced plans to acquire more Bitcoin through stock transactions, boosting its total holdings. This decision continues a trend of greater corporate investment in Bitcoin, driven by the SEC’s recent approval of spot Bitcoin ETFs. The corporation wants to fund the acquisition by selling stock put aside for general corporate purposes, such as expanding its cryptocurrency holdings.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Public Company Semler Scientific is looking to sell stocks to buy more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lhwfPNfKKa" rel="noopener noreferrer nofollow">pic.twitter.com/lhwfPNfKKa</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1816779763794542885?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Nevertheless, the firm’s approval process for Semler Scientific’s stock sale proposal may be delayed due to SEC’s cautious stance on cryptocurrency, particularly Bitcoin. The corporation acknowledged that, while the SEC has yet to approve their approach, they are optimistic about a settlement allowing them to proceed with their Bitcoin investments.</p>
<p>The SEC’s approval of spot Bitcoin ETFs raised institutional investors’ interest in Bitcoin, corresponding to a shifting perception of Bitcoin as a legitimate store of value for corporate balance sheets. Semler Scientific’s initial purchase of $57 million in Bitcoin reflects a larger corporate trend towards using digital assets into treasury management techniques. This trend reflects a heightened interest in diversifying assets and testing the cryptocurrency’s reliability during economic fluctuations.</p>
<h2 class="wp-block-heading" id="h-industry-perspectives">Industry Perspectives</h2>
<p>While adopting Bitcoin can boost asset growth and safeguard against inflation, it also exposes firms to the substantial volatility of the cryptocurrency market. Rapid development might result in benefits, the asset getting connected to Bitcoin can lead to a stock drop in a bear market. In another development, gold advocate and BTC critic Peter Schiff indicated that Michael Saylor’s plan to persuade more CEOs to hold Bitcoin reserves has failed.&nbsp;</p>
<p>Semler Scientific’s strategic pivot to include more Bitcoin in its reserves indicates a broader corporate trend influenced by successful precedents and evolving regulatory frameworks. As the company navigates SEC scrutiny and market dynamics, the industry watches closely to see how these crypto investments will affect the broader landscape of corporate asset management.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/semler-scientific-buys-17-million-to-raise-bitcoin-holdings-to-828-btc/" rel="noopener noreferrer nofollow">Semler Scientific Buys $17 Million to Raise Bitcoin Holdings to 828 BTC</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-miner-core-scientific-bondholders-tap-legal-adviser/" rel="noopener noreferrer nofollow">Bitcoin Miner Core Scientific Bondholders Tap Legal Adviser</a></li>
 <li><a href="https://cryptonewsland.com/core-scientific-falls-to-78m-market-cap-bankruptcy-loom/" rel="noopener noreferrer nofollow">Core Scientific Falls to 78M Market Cap, Bankruptcy Loom</a></li>
 <li><a href="https://cryptonewsland.com/troubled-bitcoin-miner-core-scientific-on-bankruptcy-risk/" rel="noopener noreferrer nofollow">Troubled Bitcoin Miner Core Scientific on Bankruptcy Risk</a></li>
 <li><a href="https://cryptonewsland.com/u-s-bitcoin-miners-achieve-record-market-cap-amid-industry-growth/" rel="noopener noreferrer nofollow">U.S. Bitcoin Miners Achieve Record Market Cap Amid Industry Growth</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/semler-scientific-seeks-to-expand-bitcoin-portfolio-through-stock-sales/" rel="noopener noreferrer nofollow">Semler Scientific Seeks to Expand Bitcoin Portfolio Through Stock Sales</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Semler Scientific Seeks to Expand Bitcoin Portfolio Through Stock Sales

İçindekiler

Crypto News Land

26 Tem 2024 tarihli diğer yazılar

Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?

ETH ETFs launched in ‘weak market’ and could pressure Bitcoin — Analyst

Twitter Removes Bitcoin Hashtag, Prompting Speculation on Crypto Stance

Raoul Pal Reveals Major Shift in Investment Strategy Towards Solana, Away From BTC, ETH

AON Reports 18% Revenue Surge in Q2 Amid Operating Margin Decline

What’s Next For The Top 2 BRC-20 Tokens As BTC Price Hit $67K?

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!