• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cosmos Health: Diversifying its Balance through Cryptocurrencies

user avatar

by Giorgi Kostiuk

a year ago


Cosmos Health, a company listed on NASDAQ, announced the inclusion of Bitcoin and Ethereum into its balance sheet to hedge against inflation and diversify its assets.

Company's New Strategy

Cosmos Health, a well-known company in the market, has announced a new strategy that includes cryptocurrencies in its balance sheet. This decision is driven by the need to acquire tools for protection against inflation.

Why Bitcoin and Ethereum?

The company views Bitcoin and Ethereum as assets that offer not just protection against inflation and currency devaluation but also as diversification tools with significant growth potential. These assets are becoming increasingly accepted both locally and globally.

We view select cryptocurrencies like Bitcoin and Ethereum not only as hedges against inflation and currency devaluation, but also as diversification tools that offer significant upside potential.Greg Siokas, CEO of Cosmos Health

Future Plans and Expectations

The company also noted that it plans to meet the needs of customers wishing to pay with cryptocurrencies and intends to add other cryptocurrencies to its balance in the future. Cosmos Health sees both financial prospects and customer satisfaction in this approach.

Cosmos Health's move towards incorporating cryptocurrencies indicates the growing interest and recognition of cryptocurrencies as a significant asset class in the global financial market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

X Introduces Smart Cashtags for Real-Time Asset Tracking

chest

X introduces Smart Cashtags, enabling real-time price tracking for stocks and cryptocurrencies directly on its platform.

user avatarElias Mukuru

Canva Gains Ground With Key User Groups

chest

A central concern highlighted in the report was market share erosion, particularly among younger and independent users. Survey data cited by BMO showed that more than 50% of students and nearly half of freelancers now primarily use Canva instead of Adobe's Creative Cloud products.

user avatarDiego Alvarez

Adobe Stock Slides After Analyst Downgrade Flags Competitive Pressure

chest

Adobe's shares fell after a downgrade by BMO Capital Markets, highlighting rising competition and lack of near-term catalysts.

user avatarKenji Takahashi

BMO Cuts Rating and Price Target for Adobe

chest

BMO analyst Keith Bachman downgraded Adobe from Outperform to Market Perform and lowered the price target from 400 to 375 due to intensifying competitive dynamics.

user avatarMaria Fernandez

Scalability and Risk Management through Liquidity Providers

chest

Liquidity providers enable exchanges to scale operations and manage risks effectively.

user avatarRajesh Kumar

Benefits of High Liquidity for Trade Execution

chest

High liquidity leads to better trade execution and tighter spreads, enhancing user satisfaction.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.