In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable increase in interest in Bitcoin (BTC) and other digital assets. This trend is driving global companies and governments to explore leadership integration cryptocurrencies in their treasury reserves, a shift that reflects broader adoption of digital currencies, especially in the United States.
Bitcoin and Ethereum will serve as protection against inflation
Monday International Care Group Cosmos announced his decision to include Bitcoin and Ethereum (ETH) in his treasury reserves, as part of his ‘forward-thinking’ investment approach. This decision follows the company’s recent acquisition of Cloudscreen, an artificial intelligence-powered drug repurposing platform.
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.
The company is also taking steps to accommodate customers who wish to do so payments in cryptocurrencies. Greg Siokas, CEO of Cosmos Health, expressed the company’s commitment to innovation, saying:
Cosmos is a flexible, agile and future-oriented company. We believe this strategy will help us differentiate ourselves by making a significant investment in the new era. In addition to our AI capabilities, we are now integrating crypto assets and continually look for additional forward-looking investments that can benefit our shareholders.
Siokas highlighted Bitcoin and Ethereum as potential hedges against inflation devaluation of the currencywhile also serving as a diversification tool with significant upside potential. Siokas looks forward to building a significant reserve in these digital assets.
Growing acceptance of cryptocurrencies
In parallel, Semler Scientific, a company dedicated to developing technology products for healthcare providers, has also made headlines with its Bitcoin activities.
Between November 6 and November 15, Semler revealed it acquired 215 BTC for approximately $17.7 million, an average of $82,502 per Bitcoin, including fees. As of November 15, Semler owns 1,273 BTC, acquired for a total price of $88.7 million, for 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, the BTC yield was reported at 18.9%, and since adopting the Bitcoin treasury strategy in Q2 2024, the return has increased to 37.3%. Eric Semler, President of Semler Scientific, commented:
We have achieved a BTC return of 37.3% since adopting our Bitcoin Treasury strategy. We believe this demonstrates substantial bitcoin growth 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.
As of this writing, the leading digital asset is trading at $91,855, up 1.5% in the 24-hour time frame and closing in on the all-time high of $93,300 reached last week. On the other hand, Ethereum is trading at $3,180, also up almost 3% in the same time frame.
Featured image of DALL-E, chart from TradingView.com