Cosmos Health Embraces Ethereum with a $300 Million Funding Deal
Main Idea
Cosmos Health has secured a $300 million funding deal to establish an Ethereum treasury reserve, reflecting a growing trend of companies diversifying into Ethereum-based assets.
Key Points
1. Cosmos Health announced a $300 million securities purchase agreement with an unnamed U.S. institutional investor on August 6th.
2. At least 72.5% of the proceeds will be allocated to creating an Ethereum (ETH) treasury reserve, with the remainder used for working capital and growth initiatives.
3. The company plans to store its ETH assets using BitGo’s institutional infrastructure, including staking capabilities.
4. Ethereum treasuries are gaining prominence, with companies like Bitmine Immersion Technologies and Sharplink Gaming holding significant ETH reserves.
5. Cosmos Health’s move positions it among notable players in the Ethereum space, following a trend of corporate Ethereum adoption.
Description
Cosmos Health secures $300 million to build an Ethereum treasury reserve. The agreement supports digital transformation through secured convertible notes. Continue Reading: Cosmos Health Embraces Ethereum with a $300 Million Funding Deal The post Cosmos Health Embraces Ethereum with a $300 Million Funding Deal appeared first on COINTURK NEWS .
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