An increasing number of public companies are adding Bitcoin to their balance sheets.
Recently, Cosmos Health announced plans to include Bitcoin and Ethereum in its treasury, aiming to hedge against inflation and cater to crypto-savvy clients.
This follows earlier adopters like MicroStrategy which has accumulated over 331,200 BTC, and Tesla, which once accepted Bitcoin for payments.
The motivations include
inflation protection
investment potential
client demand, and portfolio diversification.
However, challenges such as Bitcoin's volatility, regulatory uncertainties, and accounting complexities persist.
If Bitcon Goes to $10,000 these companies would lose millions of dollars and some, billions of dollars