Cosmos Health adding Bitcoin to its balance sheet

Nasdaq-listed pharmaceutical company Cosmos Health announced that it is adding Bitcoin and Ethereum to its balance sheet. According to Decrypt, the company said that it plans to purchase Bitcoin and Ethereum as inflation hedges. In a press release the company’s CEO Greg Siokas stated: “We view select crypto assets, such as Bitcoin and Ethereum, not only as potential hedges against inflation and currency devaluation but also as diversification tools offering substantial upside potential.”