Cosmos Health has secured up to $300 million in funding to bolster its digital asset reserves with Ethereum.
Nasdaq-listed health technology company Cosmos Health announced the launch of a new Ethereum treasury strategy, securing up to $300 million in financing to bolster its digital asset reserves with Ethereum.
The company secured the funding through a securities purchase agreement with an unnamed U.S.-based institutional investor. The financing includes the issuance of senior secured convertible notes.
Cosmos Health stated that its Ethereum reserve strategy will support its digital transformation and e-commerce initiatives. It will also serve the company’s plans to explore the use of blockchain technology in areas such as supply chain traceability, healthcare incentive programs, and global customer engagement.
Under the terms of the agreement, the company will be required to use at least 72.5% of the net proceeds from each financing round to build a treasury of digital assets, with the remainder directed towards working capital and growth initiatives.
The collected ETH will be stored and staked through BitGo’s institutional custody and staking infrastructure. Cosmos also plans to develop additional strategies to generate returns on its ETH holdings and optimize cash flow.
After the increased institutional interest in Bitcoin treasuries in the first half of 2025, many companies have recently begun to announce their Ethereum treasuries strategies.
Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, stated that companies holding Ethereum treasury are “highly investable” and are currently more attractive than US spot Ethereum ETFs.
According to Kendrick, Ethereum treasury companies have stronger return potential than Bitcoin treasury companies thanks to their access to DeFi leverage systems and staking rewards.
Currently, the largest institutional Ethereum holder is SharpLink Gaming with 360,810 ETH, followed by Bitmine with 300,660 ETH.
