{"id":353246,"date":"2024-07-27T10:55:12","date_gmt":"2024-07-27T05:25:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=353246"},"modified":"2024-07-27T10:55:12","modified_gmt":"2024-07-27T05:25:12","slug":"onemednet-stock-jumps-22-after-1-8-million-bitcoin-exposure-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/onemednet-stock-jumps-22-after-1-8-million-bitcoin-exposure-crypto-news\/","title":{"rendered":"OneMedNet Stock Jumps 22% After $1.8 Million Bitcoin Exposure – Crypto News"},"content":{"rendered":"

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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\u2019s 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.<\/p>\n

OneMedNet Joins Other Corporates in Bitcoin Exposure<\/h2>\n

A large number of public-listed corporates are adopting the MicroStrategy<\/a> playbook for holding Bitcoins on their balance sheets. With the USD losing its strength, corporates are finding solace in Bitcoin investments seeing it as a store of value and preventing any capital erosion.<\/p>\n

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On Friday, the OneMedNet stock surged all the way to $1.29 soon after the Bitcoin exposure announcement. However, it settled for 0.99 during the closing bell on Wall Street.<\/p>\n

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JUST IN: \ud83c\uddfa\ud83c\uddf8 US Public company OneMedNet buys $1.8 million worth of #Bitcoin<\/a> pic.twitter.com\/rsUdYvsaIL<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 26, 2024<\/a><\/p>\n

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On Friday, another publicly listed firm Semler Scientific<\/a> announced the addition of more Bitcoins to its balance sheet. The company has acquired nearly 828 Bitcoin for $57 million while deploying 90% of its cash reserves into Bitcoin. The Semler Scientific (NASDAQ: SMLR) stock was up by 4% during Friday\u2019s trading session.<\/p>\n

Also Read: Peter Schiff Slams MicroStrategy\u2019s Michael Saylor Over \u201cBitcoin Pyramid Scheme\u201d<\/a><\/p>\n

State Pension Funds Gain Exposure to Bitcoin ETF<\/h2>\n

<\/p>\n

Seeing the strength of Bitcoin in the global economy, lawmakers are increasingly leaning towards the asset class and seeking exposure to the newly launched Bitcoin ETFs for state pension funds.<\/p>\n

A day before, Jersey City mayor Steven Fulop said that they would partially allocate the state pension funds to Bitcoin ETFs. Joining the bandwagon, the Michigan pension fund<\/a> purchases a staggering $6.6 million in shares of the Ark Bitcoin ETF (ARKB). Previously, Winconsin has also disclosed a $160 million investment in Bitcoin ETFs.<\/p>\n

The spot Bitcoin ETFs<\/a> have delivered a solid performance this month of July with staggering inflows led by BlackRock. On Friday, the Bitcoin ETFs saw inflows of $51.8 million with Bitwise (BITB) leading the show.<\/p>\n

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The Bitcoin price is also showing great strength surging by another 1.5% and moving past $68,000. Analysts predict BTC will surge further to $71,500 before deciding on the next move.<\/p>\n

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#BTC<\/a><\/p>\n

The retest was successful<\/p>\n

Bitcoin has confirmed $65,000 as support<\/p>\n

Price will now continue to occupy the $65000-$71500 region (red)$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> https:\/\/t.co\/k15SAxaizI<\/a> pic.twitter.com\/v1UBMtj0zk<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) July 26, 2024<\/a><\/p>\n<\/blockquote>\n

Also Read: Jersey City To Adopt Bitcoin ETFs in Pension Fund Allocation<\/a><\/p>\n

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\u2713 Share:<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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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\u2019s 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. OneMedNet Joins Other Corporates in […]<\/p>\n","protected":false},"author":2,"featured_media":345677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-353246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=353246"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353246\/revisions"}],"predecessor-version":[{"id":353249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353246\/revisions\/353249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/345677"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}