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Cosmos Health Inc. (NASDAQ: COSM), a global healthcare group, has announced a major move into cryptocurrency by securing up to $300 million in financing through a deal with a U.S.-based institutional investor. The funds will be issued as senior secured convertible promissory notes, with at least 72.5% allocated to building a digital asset treasury reserve in Ethereum (ETH). This marks a bold shift in strategy as the company aims to align with the future of digital finance.
The ETH assets will be held and staked securely through BitGo Trust Company, one of the top institutional crypto custodians. Cosmos Health plans to leverage blockchain for supply chain tracking, wellness rewards, and deeper global consumer engagement. The strategy also includes exploring yield-generating opportunities to maximize ETH holdings and cash flow.
CEO Greg Siokas emphasized that the move into Ethereum is a long-term commitment, not a temporary pivot. The funding also supports the company’s product development, R&D, and planned U.S. manufacturing expansion, offering investors both growth potential and crypto exposure.
