Cosmos Health secures $300M financing facility to launch Ethereum strategy

Cosmos Health (COSM) entered into a securities purchase agreement with a U.S.-based institutional investor for the issuance of up to $300M in senior secured convertible promissory notes, subject to the satisfaction or waiver of certain conditions, to support the launch of its Ethereum digital asset treasury reserve strategy. Key Highlights: Strategic accumulation of ETH to enhance long-term shareholder value through increasing ETH-per-share; ETH assets will be custodied and staked through institutional infrastructure provided by BitGo Trust Company; Treasury initiative complements Cosmos Health’s ongoing digital transformation and e-commerce efforts, with potential to explore blockchain use cases in supply chain traceability, wellness incentive programs, and global consumer engagement; The Company plans to explore additional yield-generating strategies to optimize cash flow and utility from ETH holdings. Under the terms of the Facility, Cosmos Health is required to allocate at least 72.5% of the net proceeds from each tranche closing toward building its digital asset treasury reserve, with the remainder to be used for working capital and various growth initiatives.