The company secured the capital through a deal involving convertible notes from a U.S. institutional investor.
According to Cosmos, the majority of funds—at least 72.5%—will go directly toward accumulating ETH as part of its digital asset reserves. The remainder will be used for general operations and expansion.
Cosmos plans to stake and custody its ETH holdings using BitGo’s institutional infrastructure. The move is part of a broader digital transformation push, with the company exploring Ethereum’s potential in e-commerce, supply chain transparency, and customer engagement programs.
The strategy mirrors a growing trend among corporations pivoting from Bitcoin treasuries to Ethereum. Analysts like Standard Chartered’s Geoffrey Kendrick say ETH-focused firms are becoming more attractive than U.S.-listed Ether ETFs, citing access to staking and decentralized finance (DeFi) as key advantages.
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