Cosmos Health secures up to $300M for ETH treasury strategy

Nasdaq-listed global healthcare company Cosmos Health (NASDAQ: COSM) signed a deal with a U.S. institutional investor to issue up to $300 million in senior secured convertible notes, according to GlobeNewswire press release. At least 72.5% of the proceeds will be allocated to building an Ethereum treasury, with the rest supporting working capital and growth initiatives.