Cosmos Health Purchases an Additional $500,000 in Ethereum Pursuant to its $300 Million Digital Assets Facility

Core Insights - Cosmos Health Inc. has increased its investment in Ethereum (ETH) by an additional $500,000, raising its total investment to $1.5 million [1][2][3] - The acquisition is part of a larger $300 million digital assets facility aimed at diversifying the company's balance sheet and leveraging blockchain technology in healthcare [2][3] - The CEO of Cosmos Health expressed optimism about the potential for further appreciation of Ethereum, viewing it as both a long-term investment and a means to enable secure, decentralized healthcare solutions [3] Company Overview - Cosmos Health Inc. is a diversified, vertically integrated global healthcare group, incorporated in 2009 in Nevada [4] - The company owns a portfolio of proprietary pharmaceutical and nutraceutical brands and operates manufacturing facilities compliant with European Good Manufacturing Practices [4] - Cosmos Health distributes a wide range of pharmaceuticals and parapharmaceuticals and has established R&D partnerships targeting major health disorders, enhanced by AI drug repurposing technologies [4] - The company has entered the telehealth space through the acquisition of ZipDoctor, Inc. and is expanding its operations across Europe, Asia, and North America [4]