Semler Scientific, a US medical technology company, is increasing its Bitcoin holdings, now totaling over 3,300 BTC. Recently, the company acquired an additional 111 BTC for $10 million, emphasizing that they are just beginning their Bitcoin investment journey. Since adopting Bitcoin as its main reserve asset in May 2024, Semler’s average purchase price for BTC ...
CleanSpark (CLSK) is enhancing its financial strategy by increasing its Coinbase Prime credit line to $200 million and launching a Bitcoin treasury desk for institutional clients. Analysts are optimistic about CleanSpark’s future, predicting a 155.94% stock price upside from its current value of $7.87, with an average target of $20.14. Additionally, GuruFocus estimates that CleanSpark’s ...
Metaplanet, a Japanese hotel management firm that has shifted to Bitcoin investment, has successfully repaid 2 billion yen (about $13.5 million) in bonds ahead of schedule to strengthen its financial standing. The company announced the early redemption of its zero-interest bonds on April 4, five months before they were due. These bonds, issued in March ...
Michael Saylor’s company, MicroStrategy (MSTR), is facing a notable $5.9 billion unrealized loss for the first quarter due to a new accounting rule that values its Bitcoin holdings based on current Market prices. After previously classifying Bitcoin as intangible assets, this change forced the company to recognize losses when Bitcoin’s value declined. This shift comes ...
By 2030, it’s predicted that about 25% of companies in the S&P 500 will have Bitcoin as a long-term asset on their balance sheets. This shift is driven by treasury managers who feel pressured to explore Bitcoin investments to avoid job insecurity. While currently only Tesla and Block hold Bitcoin among S&P 500 firms, companies ...
Paul Franke is a seasoned private investor with 38 years of trading experience and a proven track record as a stock picker. He has been recognized nationally for his investment insights, previously serving as Editor and Publisher of the Maverick Investor newsletter and achieving high rankings in stock-picking contests. Franke’s investment strategy combines contrarian stock ...
MicroStrategy (MSTR), led by Michael Saylor, has amassed 506,137 bitcoins, valued at around $44 billion. While the company’s aggressive bitcoin purchases have raised concerns, especially with bitcoin’s recent price drop of 20% from its peak, experts believe it is unlikely to face a liquidity crisis. MSTR has employed various methods to raise capital, including issuing ...
GameStop Corp., based in Grapevine, Texas, has announced its intention to offer $1.3 billion in convertible senior notes due in 2030. This offering, aimed at qualified institutional buyers, will bear no interest and will not increase in principal value. GameStop plans to use the proceeds for general corporate purposes, including investing in Bitcoin. Additionally, the ...
GameStop has announced that its board has approved the addition of bitcoin as a treasury reserve asset, causing its shares to rise by 7% after hours. This decision mirrors moves made by other companies like MicroStrategy, which is heavily invested in bitcoin. GameStop plans to use part of its cash or future funds to purchase ...
A debate is ongoing about whether the U.S. government will buy more Bitcoin in 2025, following President Donald Trump’s executive order to establish a national Bitcoin reserve. Opinions are divided among analysts; a Bloomberg expert estimates only a 30% chance of increased government Bitcoin holdings due to political challenges, while Matt Sigel from VanEck offers ...
