Nasdaq-Listed Cosmos Health Warns of 12-Month Survival Risk Amid Crypto Treasury Crash
Cosmos Health, a Nasdaq-listed company, has warned that it may not survive for 12 months due to its struggling crypto treasury. The company's cryptocurrency holdings fell by 46% in value by June, with losses totaling $1.44 million.
The losses are attributed to Cosmos's financing deal with ATW Digital Asset Opportunities VII, which required the company to direct 72.5% of note proceeds into crypto. The remaining funds were available for working capital and general corporate purposes. As a result, Cosmos used $3.1 million to buy Ethereum and Bitcoin, leaving another $644,219 restricted for future crypto purchases.
The company's underlying business continues to consume cash, with an $8.89 million net loss reported in the first half of the year. Furthermore, dilution has more than doubled its share count, from 41.07 million at the end of 2025 to roughly 100.6 million by August 18.