TechFlow news, on October 10, according to GLOBE NEWSWIRE, NASDAQ-listed U.S. company Cosmos Health Inc. (NASDAQ: COSM) announced the purchase of $500,000 worth of Ethereum (ETH), bringing its total ETH investment to $1.5 million.
The acquisition was made under Cosmos Health's previously announced $300 million digital asset financing initiative, part of the company's broader strategic effort to diversify its balance sheet and leverage blockchain technology within the healthcare and digital health sectors.
Greg Siokas, CEO of the company, stated: "We are pleased to continue purchasing Ethereum and reaffirm our commitment to fully utilizing the $300 million financing facility. We have already seen returns from our early Ethereum investments, and as usage and adoption grow, we believe there is further potential for appreciation. We view selected digital assets such as Ethereum as long-term investments and potential enablers of secure, decentralized healthcare solutions."
