Cosmos Health secures up to $300 million in funding to launch its ETH treasury strategy

The company is required to use at least 72.5% of the net proceeds from each financing round to purchase ETH, which will be held in custody and staked by BitGo to enhance its "ETH per share" metric. The remaining funds will be used for product research and development, business expansion, and plans for a US manufacturing base. The company also intends to explore additional revenue streams to optimize the cash flow and utilization of its ETH assets.