TLDR
- Cosmos Health secures $300 million to build its Ethereum treasury reserve.
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The funding will support Cosmos Health’s digital transformation efforts.
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BitGo will custody and stake the accumulated Ethereum for the company.
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Ethereum treasury strategies have become popular among companies recently.
Cosmos Health, a Nasdaq-listed healthcare company, has announced securing up to $300 million in financing. This deal will fund the company’s strategy to launch an Ethereum treasury. The financing was obtained through a securities purchase agreement with a U.S. institutional investor. The deal includes the issuance of senior secured convertible promissory notes.
The company plans to use these funds to build and manage an Ethereum reserve, which will play a role in its digital transformation. Ethereum is expected to support several initiatives within Cosmos Health, including its efforts in blockchain use cases for supply chain traceability, wellness programs, and global consumer engagement.
Details of the Cosmos Health Financing Agreement
The financing agreement is structured around the issuance of senior secured convertible promissory notes. According to Cosmos Health, at least 72.5% of the net proceeds from each funding round will go towards building the company’s digital asset treasury.
The remaining funds will as a result be directed toward working capital and other growth projects.
In its press release, the company highlighted that the ETH holdings will be managed through BitGo’s institutional infrastructure. BitGo will custody and stake the Ethereum for Cosmos, while the company will explore additional strategies for yield generation. The goal is to enhance cash flow and optimize the utility of its Ethereum holdings over time.
Ethereum Treasury Strategies Gaining Traction
The announcement from Cosmos Health follows a broader trend of companies looking to implement Ethereum treasury strategies. After the success of Bitcoin treasury strategies earlier in 2025, more companies are turning to Ethereum for similar purposes.
Ethereum, with its capabilities in decentralized finance (DeFi) and staking rewards, is seen as an asset that offers significant growth potential.
Geoffrey Kendrick, global head of digital assets research at Standard Chartered, mentioned that companies holding Ethereum treasury assets are currently “very investable.” Kendrick pointed out that Ethereum treasury firms tend to have a stronger upside compared to Bitcoin treasury companies. They have as a result access to DeFi leverage and staking rewards, making them attractive to investors.
Corporate Ethereum Holdings on the Rise
Several companies are now among the largest holders of Ethereum, as Ethereum’s utility in DeFi and its staking rewards become more attractive. According to data, SharpLink Gaming is currently the largest corporate holder of Ethereum, with a total of 360,810 ETH.
This is followed by Bitmine, which holds 300,660 ETH. Cosmos Health, with its new treasury strategy, looks to join the growing list of corporate Ethereum holders, leveraging the asset for its digital and operational goals.
The trend of corporate Ethereum holdings as a result is expected to continue, with more companies exploring ways to integrate Ethereum into their business models. Cosmos Health is positioning itself as part of this growing movement, using the capital raised to expand its digital asset holdings while furthering its business objectives.
