OneMedNet Stock Jumps 22% After $1.8 Million Bitcoin Exposure

Quick Summary:

On Friday, July 26, the stock price of OneMedNet (NASDAQ: ONM) surged by 22% after it announced a staggering $1.8 million exposure to the world’s largest cryptocurrency Bitcoin.

The announcement came during the ongoing Bitcoin Conference where leaders across fraternities are discussing ways to gain exposure to the asset class.

The company has acquired nearly 828 Bitcoin for $57 million while deploying 90% of its cash reserves into Bitcoin.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Semler Scientific Pension fund 24/7 Cryptocurrency News OneMedNet MicroStrategy Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 05:14:12 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21788833

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 22 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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