Cosmos Health Secures $300M for Ethereum Strategy

Cosmos Health, a group listed on Nasdaq, announced on Wednesday that it has obtained a financing facility totaling up to $300 million, aimed at launching an Ethereum treasury strategy. This funding was secured through a securities purchase agreement with a U.S. institutional investor, involving the issuance of senior secured convertible promissory notes. The ether treasury will support Cosmos Health's digital transformation initiatives and its efforts in e-commerce, while also facilitating the exploration of blockchain applications in areas such as supply chain traceability, wellness incentive programs, and global consumer engagement. According to the agreement, Cosmos Health must allocate at least 72.5% of the net proceeds from each funding round towards building its digital asset treasury reserve, with the remainder designated for working capital and growth initiatives. The accumulated Ethereum will be stored and staked using BitGo's institutional framework, while Cosmos plans to explore additional strategies for yield generation and maximizing the utility of its Ethereum holdings to optimize cash flow. Recently, a surge of companies has introduced ETH treasury strategies following a period of bitcoin treasury announcements earlier in 2025. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, noted that Ethereum treasury companies are “very investable” and currently present a more attractive purchase than U.S. spot ether ETFs. He previously mentioned that these firms have better potential due to access to DeFi leverage and staking rewards compared to bitcoin treasury companies. According to data from The Block, SharpLink Gaming currently holds the largest amount of Ethereum among corporate entities, with 360,810 ETH, followed by Bitmine with 300,660 ETH.