On August 13, healthcare conglomerate Cosmos Health Inc. (NASDAQ: COSM) announced that it has begun purchasing Ethereum (ETH) as part of its digital asset reserve strategy. Cosmos Health completed its initial $1 million ETH purchase under a $300 million financing agreement with U.S. institutional investors.
Greg Siokas, CEO of the company, said: "We are pleased to begin building our ETH reserves with this initial purchase. By fully leveraging our funding facilities, we aim to establish Cosmos as a strong force in the crypto space. We believe ETH has strong value-added potential, and its widespread adoption by institutional investors, inclusion in ETFs, expansion of cryptocurrencies in the proposed retirement plan, and the increase in Ethereum-based enterprise applications all strengthen our confidence in this strategic move."
Cosmos Health completes initial purchase of $1 million ETH
2025-08-13 01:20:35
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