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Cosmos Health, a publicly traded company in the U.S. stock market, has secured $300 million in financing and will establish an Ethereum reserve.
On August 6, Cosmos Health, a publicly traded company on the US stock market (NASDAQ: COSM), reached a securities purchase agreement with US institutional investors to secure up to $300 million in senior secured convertible note financing. According to the agreement, the company will allocate 72.5% of the net proceeds from the financing to establish an Ethereum reserve, while the remaining funds will be used for working capital and business development.