Key Points
- Cosmos Health signs agreement for up to $300M in senior secured convertible notes
- Funds will support ETH reserve accumulation and yield-based treasury management
- ETH accumulation rises among corporates following U.S. GENIUS Act legislation
Cosmos Health has initiated a digital asset reserve strategy backed by a $300 million funding facility. The NASDAQ-listed company entered a securities purchase agreement with a U.S.-based institutional investor to issue senior secured convertible promissory notes.
The capital will support strategic accumulation of Ethereum to enhance long-term shareholder value and increase ETH-per-share metrics. Cosmos Health also plans to explore yield-generating methods to optimize cash flow through staking or lending.
The announcement comes as corporate interest in Ethereum continues to grow. The GENIUS Act, signed on July 18, has contributed to Ethereum’s appeal as a regulated, programmable store of value.
Broader Institutional Trend Favors ETH Accumulation
CryptoRank data shows a rise in Ethereum accumulation by major entities since the GENIUS Act’s passage. The top 10 ETH holders among companies now include BitMine with 833.1K ETH, followed by SharpLink Gaming at 438.2K and The Ether Machine with 345.4K ETH.
Coinbase, Bit Digital, and the Ethereum Foundation also maintain significant holdings, indicating growing institutional exposure to ETH. As of August 6, over 2.6 million ETH is held collectively by the top ten corporate holders.
Cosmos Health joins other entities in using ETH as a capital reserve asset. According to its disclosure, the company plans to improve capital efficiency and reduce dilution through crypto-backed credit options.
Ethereum Technical Setup Signals Bullish Momentum
On the charts, Ethereum’s daily timeframe shows a bullish pennant formation, indicating continuation potential. The pattern follows a steep upward move and a consolidation channel, typically seen before breakouts.
If confirmed, the technical target from the pennant structure projects ETH near $5,000. As of August 6, Ethereum is trading around $3,643 and forming higher lows.
This aligns with increased capital interest and accumulation behavior. Market reports show Ethereum remains the largest settlement layer for stablecoins, further reinforcing its utility.
These developments suggest a broader transition toward digital asset-based capital strategies. The GENIUS Act and institutional participation are positioning Ethereum as a core treasury component.
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Source: https://coincu.com/news/cosmos-health-secures-300m-to-launch/