Odaily Planet Daily News: Nasdaq-listed company Cosmos Health announced that it has purchased $500,000 worth of Bitcoin (BTC) to expand its digital asset program, bringing its total cryptocurrency investment to $2.5 million. Cosmos Health CEO Greg Siokas stated that the average purchase price of the Bitcoin was below $70,000. The move aims to diversify the investment portfolio and strengthen the overall capital deployment strategy. The company is also evaluating the inclusion of other cryptocurrencies. (Globenewswire)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
"Buy Bitcoin" Google searches hit a five-year high, Trump’s one statement liquidates $120 million in shorts
This week, global searches for "buy Bitcoin" reached the highest level in nearly five years, reflecting a renewed investor willingness to enter the market. Influenced by Trump's State of the Union proposal to ban congressional stock trading, market sentiment quickly improved, leading to a large-scale short squeeze. On-chain data shows an increase in whale holdings and strengthened accumulation signals, suggesting the market may be facing a turning point, but multiple factors need to be considered to determine the price trend.
MarketWhisper13m ago
Cardone Capital is preparing to tokenize approximately $5 billion worth of real estate assets.
PANews February 27 News, according to CoinDesk, real estate investor Grant Cardone stated that his company, Cardone Capital, is preparing to tokenize approximately $5 billion worth of real estate assets to provide on-chain collateral and secondary market liquidity for investors. The company previously announced that it would use property cash flow to make long-term Bitcoin purchases, and in June this year, it bought 1,000 BTC, planning to continue increasing its holdings.
GateNews22m ago
Morgan Stanley plans to launch Bitcoin custody, trading, yield, and lending services
Morgan Stanley's new Head of Digital Asset Strategy, Amy Oldenburg, stated that banks want clients to custody and trade Bitcoin on their platforms and support providing Bitcoin yield and lending services, considering this to be part of their future strategy.
GateNews25m ago
What would happen if Donald Trump said "Bitcoin is a Ponzi scheme"?
The cryptocurrency market is trying to recover after Bitcoin (BTC) recently dropped below the $62,000 level. In this context, Peter Schiff did not miss the opportunity to criticize Bitcoin. He continues to call it a “bubble” and believes that this decline could be the beginning of the collapse of the digital currency.
TapChiBitcoin47m ago
The American Bitcoin Corp supported by the Trump family posted a loss of $59 million in the fourth quarter, with its stock price down about 90% from its peak.
Odaily Planet Daily reports that American Bitcoin Corp, a mining company supported by the Trump family, disclosed a net loss of $59 million in the fourth quarter.
The company previously went public on NASDAQ during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen approximately 90% from its peak in September last year, with a noticeable decrease in market value. After the earnings report was released, the company's stock price dropped nearly 3% again, trading at just over $1 per share. (Bloomberg)
GateNews51m ago
BlockTower Capital Founder: Market makers mainly influence intraday volatility; the main reason for BTC's pullback is early holders selling off.
BlockTower Capital founder Ari Paul pointed out that market makers have limited impact on short-term trading in a weak market, mainly because early holders are selling off BTC and the market lacks absorption. He believes that long-term manipulation is unlikely, and investors should optimize their analysis frameworks, as upward momentum is more common.
GateNews1h ago