TechFlow reported on November 19 that, according to Decrypt, Cosmos Health has announced plans to add Bitcoin and Ethereum to its balance sheet as tools to hedge against inflation and currency depreciation.
Cosmos Health, a healthcare company listed on Nasdaq, said its CEO Greg Siokas views cryptocurrencies not only as a potential hedge against inflation but also as assets with significant upside potential. The company may add more cryptocurrency and blockchain-related assets in the future. Following the announcement, shares of Cosmos Health surged over 17%, reaching $0.73 per share.
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