G’day Bitcoiners,

Welcome to this week’s edition of Bitcoin on Balance – and what a week it’s been for Bitcoin!

The big news?

Donald Trump’s election sent Bitcoin soaring to a new all-time high, sparking excitement across markets.

At the time of writing, Bitcoin had hit $76,000 USD, an increase of 9% in 24 hours.

With a more Bitcoin-friendly administration on the horizon, investors are buzzing about what the future may hold.

During the election campaign, Trump promised

• A strategic bitcoin reserve

• Support for bitcoin miners

• Opposition to Central Bank Digital Currencies (CBDCs)

• A simplified tax code for digital assets

And amid all the action, the Bitcoin community is rallying around a call to Free Ross from Day 1, especially since Trump has promised to release him

Ross Ulbricht, perhaps the original ‘Bitcoin on balance sheet” pioneer ;)

But the momentum doesn’t stop there..

In a pioneering move, Cartwright, a leading UK pension advisory firm, has broken new ground by advising a pension scheme to allocate 3% of its assets into Bitcoin.

This marks a historic first for UK pension funds, and Cartwright is now urging other institutional investors to take note and follow suit.

Semler Scientific Increases Bitcoin Holdings

Semler Scientific (Nasdaq: SMLR), a leader in healthcare technology from California focused on combating chronic diseases, just released its Q3 financial results.

Semler announced the purchase of an additional 47 bitcoins, valued at $3.0 million, using operating cash flow since August. This brings their total holdings to 1,058 bitcoins, amounting to a cumulative purchase of $71.0 million as of November 4, 2024.

Semler continues to embrace Bitcoin as part of its financial strategy, reflecting the ongoing trend of institutional investment in digital assets.

Kontrol Technologies Adds Bitcoin to Balance Sheet: Share Price Jumps 26% on the News

Canada’s Kontrol Technologies has officially added Bitcoin to its balance sheet. The announcement created a buzz among investors, sending Kontrol’s stock soaring by 26% after the news broke.

Kontrol initiated the addition of Bitcoin or Bitcoin related proxies to its Balance Sheet with an initial investment of $1 Million.

The Company is also working towards a continuous purchase plan which may include re-investment of future cash flows and/or treasury assets.

Kontrol Technologies didn’t hold back when addressing concerns from the misguided environmentalists who argue Bitcoin is harmful to the environment.

Citing new research, Kontrol highlighted that over 50% of Bitcoin’s energy now comes from renewable sources, underscoring Bitcoin’s potential positive impact on sustainable energy.

By tapping into surplus renewable energy, Bitcoin mining could support cleaner energy grids, making it an ally—not an adversary—in the shift toward sustainability.

^{Real Bedford Watch}

Real Bedford delivered a dominant performance, securing a 5-1 victory over Kidlington at The Ledger Stadium.

Bedford took control early, with goals from Watkins, Stevens, and Morrell putting them ahead 3-0 by halftime.

They continued their momentum in the second half, with Hitchcock and Morrell adding to the score before a late penalty allowed Kidlington to get on the board.

This win extends Bedford’s lead at the top of the league, and they’ll face Biggleswade at home next week, hosting a Bitcoin Meetup for fans before the game.

Podcast of the week

Dylan LeClair, the Director of Bitcoin Strategy at Metaplanet the Director of Bitcoin Strategy at Metaplanet discusses MicroStrategy with Anthony Pompliano

Tweet of the Week

Luke Gromen, Founder of Forest for the Trees, nailed it in a recent tweet: Save in Bitcoin, and watch everything—yes, even sky-high housing—become more affordable over time!

Thanks for reading and see you next week!

Daniel

for Bitcoin on Balance

www.bitcoinonbalance.com