In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable spike in interest in Bitcoin (BTC) and other digital assets. This trend is prompting global companies and governments to explore leadership integration Cryptocurrencies in its Treasury reserves, a shift that reflects broader acceptance of digital currencies, especially in the United States.
Bitcoin and Ethereum act as hedges against inflation
On Monday, international healthcare group Cosmos Announce Its decision to integrate Bitcoin and Ethereum (ETH) into its treasury reserve assets, as part of its “forward-thinking” investment approach. This decision comes after the company’s recent acquisition of Cloudscreen, an AI-based platform for drug repurposing.
By adding Bitcoin and Ethereum, along with the potential for other cryptocurrencies and blockchain-related assets, Cosmos aims to diversify its balance sheet and capitalize on the growing global adoption of cryptocurrencies.
The company is also taking steps to accommodate customers who wish to do so Payments In cryptocurrencies. Greg Ciokas, CEO of Cosmos Health, expressed the company’s commitment to innovation, saying:
Cosmos is a flexible, agile and forward-looking company. We believe this strategy will help us stand out by making a significant investment in the new era. Along with our AI capabilities, we are now integrating crypto assets and are constantly seeking additional future-focused investments for the benefit of our shareholders.
Siokas highlighted Bitcoin and Ethereum as potential hedges against inflation Currency depreciationwhile also serving as diversification tools with significant upside potential. Siokas is looking to build a large reserve of these digital assets.
Growing acceptance of cryptocurrencies
In a parallel move, Semler Scientific, a company dedicated to developing technology products for healthcare providers, has made headlines with its Bitcoin activities.
Between November 6 and November 15, Semler It has been detected It acquired 215 bitcoins for approximately $17.7 million, an average of $82,502 per bitcoin, including fees. As of November 15, Semler owns 1,273 bitcoins, acquired for a total price of $88.7 million, at an average of $69,682 per bitcoin.
Semler Scientific uses Bitcoin yield as a key performance indicator (KPI) to evaluate its investment strategy. From October 1 to November 15 Bitcoin return It was reported at 18.9%, and since adopting the Bitcoin treasury strategy in Q2 2024, the return has risen to 37.3%. Eric Semler, President of Semler Scientific, noted:
We have achieved a BTC return of 37.3% since adopting our Bitcoin treasury strategy. We believe this demonstrates a significant backlog of Bitcoin for our stakeholders.
Both companies demonstrate a growing trend among companies and institutions to embrace digital assets, recognizing their potential as valuable components of a diversified investment strategy.
At the time of writing, the leading digital asset is trading at $91,855, registering a 1.5% increase in the 24-hour time frame and approaching its all-time high of $93,300 reached last week. On the other hand, Ethereum is trading at $3,180, also up nearly 3% in the same time frame.
Featured image of DALL-E, chart from TradingView.com