Cosmos Health purchases additional $500,000 worth of Ethereum

Cosmos Health (COSM) announced that it has purchased an additional $500,000 worth of Ethereum, bringing its total investment in ETH to $1.5 million. This acquisition was executed pursuant to Cosmos Health’s previously announced $300 million digital assets facility, which is part of the Company’s broader strategic initiative to diversify its balance sheet and leverage blockchain technology within the healthcare and digital wellness sectors. Greg Siokas, CEO of Cosmos Health, stated: “We are pleased to continue our Ethereum purchases and reiterate our commitment to fully leveraging our $300 million financing facility. We are already seeing gains from our earlier Ethereum investments, and with increased usage and adoption, we believe there is potential for further appreciation. We view select digital assets such as Ethereum not only as long-term investments, but also as potential enablers of secure, decentralized healthcare solutions.”