Cryptocurrency
Cosmos Health expands Ethereum holdings to $1.8M under $300M digital assets facility – Crypto News
- Cosmos Health boosts Ethereum investment to $1.8M under $300M digital asset plan.
- CEO Greg Siokas says firm remains committed to accelerating crypto acquisitions.
- Stock up 200% in six months as Cosmos expands in healthcare and digital finance.
Cosmos Health Inc. (NASDAQ: COSM) has strengthened its position in digital assets with a fresh $300,000 purchase of Ethereum (ETH), bringing the healthcare group’s total investment in the cryptocurrency to $1.8 million.
The move, announced Monday, forms part of the company’s broader $300 million digital assets facility aimed at portfolio diversification and long-term growth.
The Chicago-based company, which operates across pharmaceutical manufacturing, distribution, and telehealth, has been increasingly active in the digital asset space over recent months.
Cosmos Health’s stock has surged nearly 200% over the past six months.
Strategic expansion through digital assets
Cosmos Health’s latest Ethereum acquisition underscores its commitment to integrating digital assets into its broader financial strategy.
“We have continued to increase our Ethereum holdings following last week’s purchase, bringing our total investment in ETH to $1.8 million,” said Chief Executive Officer Greg Siokas.
“We remain committed to accelerating our acquisition program under our $300 million financing facility,” he added, highlighting the company’s intention to expand its exposure to blockchain-based assets.
The purchase follows a series of previous cryptocurrency investments made under the same program, which was first announced earlier this year.
The initiative reflects Cosmos Health’s diversification approach — balancing its core healthcare operations with emerging opportunities in digital finance and technology.
Founded in 2009 and incorporated in Nevada, Cosmos Health operates across several key healthcare sectors, including nutraceuticals, branded pharmaceuticals, and healthcare distribution.
Its operations span Greece and the UK, with major distribution centers located in Thessaloniki, Athens, and Harlow.
Broader strategic developments
Beyond digital assets, Cosmos Health has been actively pursuing corporate and operational initiatives to expand its global footprint.
The company recently announced the appointment of Theodoros C. Karkantzos to its board of directors.
Karkantzos brings over 15 years of experience in investment and business development and will serve on the Nominating and Corporate Governance Committee.
Additionally, Cosmos Health expanded its Sky Premium Life brand into Kuwait through an exclusive distribution agreement with Diyar United.
Under the deal, Diyar United will market and distribute the company’s nutraceutical products across the Kuwaiti market, further strengthening Cosmos Health’s international presence.
At its most recent annual shareholder meeting, the company also secured approval to increase its authorized shares to 1.5 billion common shares and 300 million preferred shares, a move intended to provide greater financial flexibility.
A diversified path forward
Cosmos Health’s growing engagement with digital assets — particularly Ethereum — highlights a trend of traditional companies exploring blockchain integration and crypto investments as part of their financial diversification strategies.
While the company’s core focus remains in healthcare and wellness, its foray into digital assets and partnerships suggests a forward-looking approach toward technology-driven financial management.
With its Ethereum investment now totaling $1.8 million and a $300 million facility available for further expansion, Cosmos Health appears positioned to continue balancing innovation in both healthcare and financial markets as it seeks sustainable long-term growth.
-
Technology1 week agoChatGPT remains the most popular chatbot globally but Google’s Gemini is catching up fast – Crypto News
-
others1 week ago
‘Floki Is The CEO’: FLOKI Surges Over 20% After Elon Musk’s Name Drop – Crypto News
-
others1 week ago
Cardano’s Charles Hoskinson Addresses Allegations of Diverting Treasury Funds – Crypto News
-
others1 week agoRisk-off sentiment drives selective equity positioning – BNY – Crypto News
-
Technology1 week agoPerplexity AI tops app charts on Google Play Store and Apple App Store, outpaces ChatGPT and Gemini – Crypto News
-
De-fi1 week agoCrypto Markets Recover Slightly as Fed Signals Rate Cut, End of QT – Crypto News
-
others7 days ago
Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing – Crypto News
-
others1 week agoUSD/JPY strengthens as Trump’s softer stance on China boosts US Dollar demand – Crypto News
-
Business1 week ago
Huobi Founder to Launch $1B Ethereum Treasury Firm, Boosting ETH Demand – Crypto News
-
others1 week ago
Data Shows Bitcoin Short Squeeze Likely With Speculation of “Bullish” US CPI – Crypto News
-
others1 week agoAustralian Dollar pares gains as US Dollar steadies on easing US-China tensions – Crypto News
-
Technology1 week agoAWS says it has fixed the problem that crippled half the internet but many popular apps are still down – Crypto News
-
others1 week agoAUD/USD rises on US-China trade hopes, Fed rate cut outlook – Crypto News
-
Business6 days ago
Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card – Crypto News
-
De-fi1 week agoCrypto Markets Recover Slightly as Fed Signals Rate Cut, End of QT – Crypto News
-
De-fi1 week agoCrypto Markets Recover Slightly as Fed Signals Rate Cut, End of QT – Crypto News
-
others1 week agoEUR/USD slips as Trump softens China tariff stance, US Dollar recovers – Crypto News
-
Cryptocurrency1 week agoIs Wave 5 Still Coming or a New Bull Trend Emerging? – Crypto News
-
Metaverse1 week agoSundar Pichai opens up on the launch of OpenAI’s ChatGPT before Google’s chatbot, cites YouTube and Instagram – Crypto News
-
others1 week ago
BREAKING: 21Shares Amends S-1 for Spot Dogecoin ETF Approval – Crypto News
-
others7 days ago
Analyst Predicts $10k ETH Price as Vitalik Buterin Launches Major Upgrade for Faster Proofs Systems – Crypto News
-
De-fi1 week agoStripe-Backed Tempo Blockchain Raises $500 Million in Series A – Crypto News
-
Business7 days ago
Breaking: Michael Saylor’s Strategy Acquires 168 Bitcoin as Crypto Market Rebounds – Crypto News
-
Blockchain6 days agoXRP Whales Flood Binance With Massive Deposits – Selling Pressure Mounts – Crypto News
-
Blockchain5 days agoTokenized Deposits for Payments, Treasury – Crypto News
-
others1 week ago
Stripe-backed Tempo Hires Ethereum Researcher Dankrad Feist After $500M Funding – Crypto News
-
others1 week agoWe should not cut rates every quarter, but rate-cutting cycle not over – Crypto News
-
Technology7 days agoAmazon Web Services outage: Here’s how many users are impacted and the downtime costs – Crypto News
-
Blockchain6 days agoBitcoin Weekly RSI Points To More Upside, But Can the Bulls Defend $107,000? – Crypto News
-
others1 week ago
Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016? – Crypto News
-
Metaverse1 week agoAI is making jobs, not taking them – Crypto News
-
Blockchain1 week agoTrump Confirms Meeting With Xi Jinping on Oct 31, Markets Rally in Response – Crypto News
-
Cryptocurrency1 week agoAster price tanks 20% as sell-off pressure hits altcoins – Crypto News
-
Business1 week ago
How Will “Unusual” US CPI Inflation Data Release Could Impact Fed Rate Cut, Crypto Market? – Crypto News
-
Business7 days ago
Binance Founder CZ Predicts Bitcoin Will Flip Gold’s $30 Trillion Market – Crypto News
-
De-fi7 days agoDeFi Earning Aggregator Turtle Raises $5.5 Million – Crypto News
-
Business7 days ago
Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes – Crypto News
-
Technology6 days agoEthereum’s Vitalik Buterin applauds Polygon for pioneering ZK technology – Crypto News
-
Technology6 days agoLayerZero outlook: ZRO price on the edge ahead of $43M token unlock – Crypto News
-
Technology6 days ago
ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana – Crypto News
-
Technology6 days agoThinking of cancelling HBO Max? Subscription prices just went up – Here’s what you need to know – Crypto News
-
Technology6 days ago
Blockchain for Good Alliance and UNDP AltFinLab Launch Blockchain Impact Forum – Crypto News
-
Technology6 days ago
Blockchain for Good Alliance and UNDP AltFinLab Launch Blockchain Impact Forum – Crypto News
-
Metaverse1 week agoAI tool of the week: ChatGPT-Canva integration changes presentations. – Crypto News
-
others1 week agoDow Jones takes one last bullish swing for the week – Crypto News
-
Metaverse1 week agoAI is driving growth. But it isn’t the only game in town. – Crypto News
-
De-fi1 week agoCoinbase Says It Plans to List BNB amid Binance Listing Fee Saga – Crypto News
-
others1 week agoGold crashes 2% from record high as Trump tempers threats on China – Crypto News
-
Cryptocurrency1 week agoEthena (ENA) Price Outperforming: Only Reason – Crypto News
-
others1 week ago
Ripple Makes ‘Unusual’ $500M Transfer Amid $1 Billion XRP Treasury Plans – Crypto News
