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Bitcoin and Ethereum Join Forces as Treasury Reserves for Global Healthcare Collective Cosmos

Bitcoin

Following the recent election of President-elect Donald Trump on November 5, there has been a significant uptick in focus on Bitcoin (BTC) and various other cryptocurrencies. This increasing interest is encouraging companies and governments worldwide to consider integrating key digital currencies into their financial reserves, indicating a growing acceptance of cryptocurrencies, especially in the U.S.

Bitcoin and Ethereum as Inflation Safeguards

On Monday, Cosmos Health, an international healthcare firm, revealed its plan to integrate Bitcoin and Ethereum (ETH) into its treasury assets, aligning with its proactive investment strategy. This move follows Cosmos’ recent acquisition of Cloudscreen, a platform utilizing artificial intelligence for drug repurposing.

With the addition of Bitcoin and Ethereum, along with the exploration of other digital currencies and blockchain assets, Cosmos aims to enhance its financial stability and take advantage of the rising trend in digital currency acceptance globally.

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The company is also preparing to support customers looking to use cryptocurrencies for transactions. CEO Greg Siokas shared the firm’s commitment to innovation, stating:

Cosmos is flexible, agile, and future-oriented. We believe that this strategy will help us stand out by making a substantial investment in this new wave. Coupled with our AI capabilities, we are now incorporating crypto assets and continuously searching for future-oriented investments that benefit our shareholders.

Siokas mentioned that Bitcoin and Ethereum could act as protective measures against inflation and currency depreciation while offering opportunities for portfolio diversification with significant growth potential. He is optimistic about building a robust reserve in these digital assets.

Increased Adoption of Cryptocurrencies

Similarly, Semler Scientific, a company focused on tech solutions for healthcare providers, has made headlines through its Bitcoin investments.

Between November 6 and November 15, Semler announced that it purchased 215 BTC for around $17.7 million, averaging $82,502 per Bitcoin after fees. As of November 15, the firm holds 1,273 BTC, bought for a total of $88.7 million, with an average price of $69,682 per Bitcoin.

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Semler Scientific uses the Bitcoin Yield as a crucial performance metric to assess its investment approach. From October 1 to November 15, the reported BTC Yield stood at 18.9%, and since they implemented their Bitcoin treasury plan in the second quarter of 2024, the yield has surged to 37.3%. Eric Semler, the company’s chairman, remarked:

We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy, indicating significant bitcoin benefits for our stakeholders.

Both companies exemplify the increasing trend among businesses and organizations to adopt digital assets, acknowledging their value as integral components of a diversified investment portfolio.

Bitcoin

Currently, Bitcoin is trading at $91,855, reflecting a 1.5% rise within a 24-hour period and nearing its record high of $93,300 from the previous week. Meanwhile, Ethereum is priced at $3,180, also showing an increase of nearly 3% in the same timeframe.

Image provided by DALL-E; chart from TradingView.com

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