Cosmos Health secures up to $300 million in financing to build an Ethereum treasury reserve, with 72.5% of proceeds allocated for crypto holdings and the remainder for growth initiatives, leveraging BitGo for custody.
According to the official press release, Cosmos Health Inc has secured up to $300 million in senior secured convertible promissory notes from a U.S.-based institutional investor. Under the deal, at least 72.5% of each tranche's net proceeds will fund an Ethereum treasury reserve, while the remaining funds support working capital, product development, and advanced R&D. The company will use BitGo Trust Company for custody and staking, and is exploring additional yield-generating strategies and blockchain applications.