Cosmos Health Inc. announced it has purchased $600,000 worth of Bitcoin as part of its ongoing digital assets treasury strategy.
Following the latest purchase, the healthcare company said its total investment in digital assets now stands at approximately $3.1 million, including holdings in Bitcoin and other crypto.
The company did not share the price point of the purchases.
Chief Executive Officer Greg Siokas said the company views select digital assets as an attractive asset class with long-term upside potential.
He added that Cosmos Health is building its position through a disciplined treasury approach designed to diversify the company’s balance sheet while maintaining financial flexibility.
Siokas noted that the firm’s crypto holdings could also provide optional liquidity if the market continues to undervalue the company relative to its book value, allowing management to deploy capital toward initiatives aimed at increasing shareholder value.
As we continue to expand our core healthcare operations and execute on our broader growth strategy,” Siokas said. “We believe selectively allocating capital to digital assets can complement our balance sheet and create additional value for shareholders.”
Listed on Nasdaq under the ticker COSM, Cosmos Health operates a vertically integrated healthcare business spanning pharmaceutical manufacturing, nutraceutical brands, distribution, telehealth services, and research partnerships focused on conditions including obesity, diabetes, and cancer.
COSM is currently trading at $0.36 a share.
Cosmos: Bitcoin is a hedge against inflation
In February, Cosmos said it had expanded its digital assets program with a $500,000 purchase of Bitcoin, bringing its total cryptocurrency investments to $2.5 million across Bitcoin and Ethereum.
The company said the move was moving its strategy beyond other crypto while it also evaluated adding other select cryptocurrencies as part of its treasury diversification efforts.
Back in late 2024, Cosmos announced it would begin adding Bitcoin to its treasury reserves as part of a broader strategy to diversify its balance sheet and invest in emerging technologies.
The company said the move aligned with its forward-looking approach to innovation, following its acquisition of an AI-driven drug repurposing platform.
Leadership framed the crypto allocation as both a potential hedge against inflation and currency devaluation and a way to gain exposure to assets with long-term growth potential.
Cosmos Health also indicated it was exploring the ability to accept cryptocurrency payments from customers while gradually building a larger reserve of digital assets over time.
At the time of writing, Bitcoin is trading near $71,000 after briefly touching $73,000 earlier this week.