Another American publicly traded company has adopted the Bitcoin standard. 

Healthcare company Cosmos Health (NASDAQ: COSM) announced Monday it plans to add Bitcoin, the biggest digital coin by market capitalization, and Ethereum, the second biggest, to its balance sheet. 

The company, which develops and sells drugs and medical equipment in Europe, also said it was working to accommodate clients who want to make payments in crypto. 

“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,” Cosmos Health CEO Greg Siokas said in a press release. 

The company’s statement added that it would in the future consider adding “other cryptocurrencies and blockchain-related assets.” It didn’t say how much it plans to invest in digital assets or if it has already begun buying up BTC and ETH. Representatives for Cosmos Health did not immediately respond to Decrypt

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Author: Mathew Di Salvo