Nasdaq-listed health technology company Cosmos Health announced that it has launched a new Ethereum treasury strategy by securing up to $300 million in funding to bolster its digital asset reserves with Ethereum.
Nasdaq Company Cosmos Health Secures $300 Million in Funding for Ethereum Treasury Strategy
The company secured these funds through a securities purchase agreement with an undisclosed U.S.-based institutional investor. The funding includes the issuance of senior secured convertible bonds.
Cosmos Health stated that its Ethereum reserve strategy will support digital transformation and e-commerce initiatives. Additionally, this initiative will serve the company's plans to explore the use of blockchain technology in areas such as supply chain traceability, health incentive programs, and global customer engagement.
According to the terms of the agreement, the company will be required to use at least 72.5% of the net proceeds from each funding round to establish a digital asset treasury. The remaining portion will be 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 yield from ETH assets and optimize cash flow.
Following increased institutional interest in Bitcoin treasuries in the first half of 2025, many companies have recently begun to announce their Ethereum treasury strategies.
Standard Chartered Digital Asset Research Head Geoffrey Kendrick stated that companies holding Ethereum treasuries are 'highly investable' and have become more attractive than U.S. spot Ethereum ETFs.
According to Kendrick, Ethereum treasury companies have a stronger return potential than Bitcoin treasury companies due 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.
