Cosmos makes initial $1M ethereum purchase under digital asset treasury strategy

Cosmos Health (COSM) announced that it has commenced purchases of Ethereum, advancing its digital asset treasury reserve strategy. Pursuant to its financing facility of up to $300M with a U.S.-based institutional investor, Cosmos Health has completed its initial $1M purchase of ETH. Greg Siokas, CEO of Cosmos Health, stated: “We are excited to begin building our ETH treasury with this inaugural purchase. By leveraging the full potential of our facility, we aim to transform Cosmos into a significant force in the crypto space. Rather than holding only cash on our balance sheet, we are now adding an asset we believe has strong appreciation potential. ETH’s growing adoption by institutional investors, its inclusion in ETFs, the proposed expansion of cryptocurrency access in retirement plans, and the increasing enterprise use of Ethereum-based applications all reinforce our confidence in this strategic move.”