{"id":2937,"date":"2024-11-19T08:32:45","date_gmt":"2024-11-19T08:32:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2937"},"modified":"2024-11-19T08:32:45","modified_gmt":"2024-11-19T08:32:45","slug":"bitcoin-and-ethereum-now-treasury-reserves-for-international-healthcare-group-cosmos","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2937","title":{"rendered":"Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos"},"content":{"rendered":"
\n

In the wake of President-elect Donald Trump\u2019s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets.\u00a0This trend is prompting global firms and governments to explore integrating leading cryptocurrencies <\/a>into their treasury reserves, a shift that reflects a broader acceptance of digital currencies, particularly in the United States.<\/p>\n

Bitcoin And Ethereum To Serve As Hedges Against Inflation<\/h2>\n

On Monday, International Healthcare Group Cosmos announced <\/a>its decision to incorporate Bitcoin and Ethereum (ETH) into its treasury reserve assets, as part of its \u201cforward-thinking\u201d investment approach. This decision follows the company\u2019s recent acquisition of Cloudscreen, an artificial intelligence-driven platform for drug repurposing.<\/p>\n

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 digital currencies.\u00a0<\/p>\n

The company is also taking steps to accommodate customers wishing to make payments <\/a>in cryptocurrencies. Greg Siokas, CEO of Cosmos Health, expressed the company\u2019s commitment to innovation, stating:<\/p>\n

\n

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. Alongside our AI capabilities, we are now incorporating crypto assets and continually seeking additional future-focused investments to benefit our shareholders.\u00a0<\/p>\n<\/blockquote>\n

Siokas highlighted Bitcoin and Ethereum as potential hedges against inflation and currency devaluation<\/a>, while also serving as diversification tools with considerable upside potential. Siokas looks forward to building a sizable reserve in these digital assets.<\/p>\n

Growing Acceptance Of Cryptocurrencies
\n<\/h2>\n

In a parallel move, Semler Scientific, a company dedicated to developing technology products for healthcare providers, has also made headlines with its Bitcoin activities.\u00a0<\/p>\n

Between November 6 and November 15, Semler disclosed <\/a>it acquired 215 BTC for approximately $17.7 million, averaging $82,502 per Bitcoin, including fees. As of November 15, Semler holds 1,273 BTC, acquired for an aggregate price of $88.7 million, averaging $69,682 per Bitcoin.<\/p>\n

Semler Scientific uses Bitcoin Yield as a key performance indicator (KPI) to evaluate its investment strategy. From October 1 to November 15, the BTC Yield<\/a> was reported at 18.9%, and since adopting its Bitcoin treasury strategy in the second quarter of 2024, the yield has risen to 37.3%. Eric Semler, chairman of Semler Scientific, noted:\u00a0<\/p>\n

\n

We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy. We believe this demonstrates substantial bitcoin accretion for our stakeholders.<\/p>\n<\/blockquote>\n

Both companies are showcasing a growing trend among businesses and institutions to embrace digital assets, recognizing their potential as valuable components of a diversified investment strategy.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

When writing, the leading digital asset is trading at $91,855, recording a 1.5% increase in the 24-hour time frame and inching closer to 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.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In the wake of President-elect Donald Trump\u2019s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets.\u00a0This trend is prompting global firms and governments to explore integrating leading cryptocurrencies into their treasury reserves, a shift that reflects a broader acceptance of digital currencies, particularly in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2937","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2937"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2937\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}