Cosmos Health shares fall 1.74% after-hours after securing up to $300 million in financing for ETH treasury reserve strategy.

Cosmos Health, Inc. declined 1.74% in after-hours trading, following the announcement that it has secured up to $300 million in financing to support the launch of its Ethereum (ETH) digital asset treasury reserve strategy. The company plans to strategically accumulate ETH to enhance long-term shareholder value through increasing ETH-per-share, with the ETH assets to be custodied and staked through institutional infrastructure provided by BitGo.