Cosmos Health, a Nasdaq-listed healthcare company, has announced its plans to add Bitcoin and Ethereum to its balance sheet as a hedge against inflation and currency devaluation. The company also aims to cater to clients wishing to make payments using cryptocurrencies. CEO Greg Siokas highlighted the decision as part of a strategy for diversification and potential substantial upside from select crypto assets. The company's stock surged more than 17% following the announcement. While Cosmos Health has not disclosed the amount to be invested in digital assets or whether purchases have already commenced, it indicated potential future considerations for other cryptocurrencies and blockchain-related assets. This move follows trends set by companies like MicroStrategy, which holds a significant amount of Bitcoin as a means to benefit shareholders and counteract inflation. Additionally, Microsoft recently addressed a proposal regarding possible Bitcoin investments during its upcoming shareholder meeting, recommending against such actions, as the topic is already being considered by management.

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