Healthcare company Cosmos Health Inc. has secured $300 million in funding specifically allocated for the creation of an Ethereum treasury reserve.
The announcement triggered a significant market response, with the company’s stock price surging over 16%, reflecting strong investor confidence in this strategic financial move.
This decision highlights the increasing credibility and adoption of the Ethereum blockchain as a viable vehicle for corporate treasury management.
According to the announcement, the secured funds are intended not only for the reserve but also to support product development and expansion initiatives.
The positive market reaction signals a potential trend, suggesting other corporations may consider adopting similar treasury strategies utilizing Ethereum.