Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve witnessed countless trends come and go. However, the recent surge in interest surrounding Bitcoin (BTC) and other digital assets, particularly following President-elect Donald Trump’s victory on November 5, is one that has piqued my curiosity.

Following Donald Trump’s election as President on November 5th, there has been an observable increase in attention towards Bitcoin (BTC) and other digital currencies. This growing interest is causing international corporations and governments to consider incorporating major cryptocurrencies into their financial reserves. This move signifies a wider recognition of digital money, with particular significance in the U.S. economy.

Bitcoin And Ethereum To Serve As Hedges Against Inflation

On a Monday, International Healthcare Group Cosmos unveiled that they will be adding Bitcoin and Ethereum (ETH) to their treasury’s reserve assets, as part of their innovative investment strategy. This move comes after the company’s latest purchase of Cloudscreen, an AI-powered platform specializing in drug repurposing.

Cosmos intends to broaden its investment portfolio and profit from the increasing worldwide acceptance of digital money by incorporating Bitcoin, Ethereum, as well as other cryptocurrencies and blockchain-based assets.

The business is additionally making efforts to cater to clients who prefer paying with digital currencies like Bitcoin or Ethereum. Greg Siokas, Chief Executive Officer of Cosmos Health, emphasized the company’s dedication to technological advancement by expressing:

In simpler terms, Cosmos is a dynamic, adaptable, and forward-thinking organization. We’re confident that this approach will set us apart by making substantial investments in the upcoming technological era. Additionally, we’re enhancing our AI expertise with the integration of crypto assets, and we’re actively exploring further future-oriented investments to bring value to our shareholders.

Siokas emphasized that Bitcoin and Ethereum could be effective safeguards against inflation and currency weakening, and they offer the added benefit of being valuable diversification options due to their significant growth prospects. In the future, Siokas plans to accumulate a substantial amount of these digital currencies as part of his reserve.

Growing Acceptance Of Cryptocurrencies

Similarly, Semler Scientific, a firm specializing in creating tech solutions for healthcare professionals, has garnered attention not just for its health-related endeavors, but also for its involvement with Bitcoin.

From November 6th to November 15th, Semler revealed that they purchased 215 Bitcoins for approximately $17.7 million, with each Bitcoin costing around $82,502 (including fees). As of November 15th, Semler owns a total of 1,273 Bitcoins, which they acquired at an overall cost of $88.7 million, making the average price per Bitcoin $69,682.

Semler Scientific relies on Bitcoin Yield as a significant benchmark for assessing its investment approach. Between October 1 and November 15, the Bitcoin Yield stood at 18.9%, while since implementing its Bitcoin treasury strategy in Q2 of 2024, it has climbed to an impressive 37.3%. Eric Semler, chairman of Semler Scientific, pointed out this increase.

Since implementing our Bitcoin treasury approach, we’ve managed to generate an impressive yield of 37.3% in Bitcoin. This significant return suggests that our shareholders have benefited substantially from our Bitcoin-focused strategies.

Two firms are demonstrating an increasing pattern whereby they’re adopting digital assets, understanding their worth in contributing to varied investment portfolios.

In the realm of digital assets, the primary currency is currently valued at approximately $91,855, marking a 1.5% growth over the past 24 hours and approaching its all-time high of $93,300, achieved just last week. Meanwhile, Ethereum stands at $3,180, showing an almost 3% rise during the same period.

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2024-11-19 11:42