๐จ $300M ETH Treasury Move from Healthcare Giant ๐จ
Cosmos Health (COSM), a global healthcare leader, is making a bold leap into crypto โ securing up to $300 million to build a massive Ethereum (ETH) treasury reserve.
๐ Key Details:
Funding Deal: Securities purchase agreement with a major US institutional investor.
Allocation: 72.5% of each funding tranche will go directly into ETH purchases.
Custody & Staking: Managed by BitGo, ensuring secure storage and yield generation.
Goal: Boost long-term shareholder value with direct ETH exposure.
๐ฌ CEO Greg Siokas calls this a โstrategic milestoneโ that leverages ETHโs position as one of the most widely adopted digital assets.
๐ COSM closed at $1.05 (-8.7%) despite the announcement.
๐ฅ This could be a game-changer โ a traditional healthcare company turning Ethereum into a core treasury asset. Is this the start of more corporate ETH adoption?
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