US Stock Market Listed Company Cosmos Health Raises $300 Million in Funding, Will Establish Ethereum Reserve

BlockBeats News, August 6th, Publicly traded company Cosmos Health (Nasdaq: COSM) reached a securities purchase agreement with U.S. institutional investors, obtaining up to $3 billion in senior secured convertible note financing. According to the agreement, the company will allocate 72.5% of the financing net proceeds to establish an Ethereum reserve, with the remaining funds earmarked for working capital and business development.